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Ann Taylor owner files for Chapter 11 bankruptcy

The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at...

8 big box brands that are seeking bankruptcy protection amid COVID crisis

Economies all over the world are suffering due to the Novel Coronavirus pandemic, and the global retail industry – which has been in a state of flux for the last few years – has been especially hard hit. The...

Stage Stores commences voluntary Chapter 11 process

Stage Stores, Inc. announced that the company has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company will simultaneously solicit bids for a going...
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Gem, jewellery industry welcomes govt move to reduce customs duty on platinum findings

The sector comprises 85-90 per cent of MSMEs and the revision in classification criteria of MSMEs will help them...
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