The Plano, Texas-based retailer is planning on filing for bankruptcy in Corpus Christi, Texas, the people said. It has been negotiating with its first lien lenders a $450 million loan to finance the bankruptcy, which would require the troubled retailer to hit certain goals to receive the second half of it, CNBC previously reported...
Macy's is taking extreme measures to avoid dire outcomes like bankruptcy, and will try to raise billions in debt to weather the pandemic crisis, according to people familiar with the matter. The country's largest department store is looking at raising as much as $5 billion in debt, the people said...
For Sycamore, a deal to buy Victoria's Secret would be a bet on a dominant player in the large intimate apparel industry. Still, the Victoria's Secret brand has had a tumultuous number of years...
As the world battles climate change, homelessness and income inequality, CEOs are still bound by investors and profits...
Unsecured creditors are objecting to Lampert's $5.2 billion deal to buy Sears out of bankruptcy, the only deal that would stave off liquidation...
Campbell Soup has pushed back against two of Third Point's nominees, former Campbell executive Bill Toler and Third Point executive Munib Islam. Third Point has nominated five executives for Campbell's board...
Conagra Brands is in advanced talks to acquire Pinnacle Foods in a deal that could be announced as soon as this week, sources familiar with the situation tell CNBC. A deal would create the second-largest U.S. frozen food company behind Nestle, analysts at RBC Capital Markets have written...
P&G shareholders voted against giving Nelson Peltz a seat on its board, a huge win for the company...
Tuesday will see whether Nelson Peltz gets a seat on the P&G board — the result of the largest proxy fight in history...
