Mike Spector

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

24 May 2020

NEW YORK The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief. | Video

J.C. Penney has need for speed in bankruptcy, lawyer says

17 May 2020

J.C. Penney Co Inc needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures due to the COVID-19 pandemic, a lawyer for the iconic U.S. department store chain said during a court hearing on Saturday. | Video

J.C. Penney files for bankruptcy protection

17 May 2020

NEW YORKJ.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19 pandemic drive a final stake through long-troubled businesses. | Video

Exclusive: Neiman Marcus creditor calls for deal with Saks Fifth Avenue - letter

13 May 2020

Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.

Exclusive: J.C. Penney to file for bankruptcy as soon as next week, sources say

08 May 2020

J.C. Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major U.S. retailer to succumb to fallout from the coronavirus outbreak, according to people familiar with the matter.

Neiman Marcus's attempt to manage crushing debt undone by COVID-19

08 May 2020

NEW YORK On March 17, about a week after the World Health Organization declared COVID-19 a pandemic, Neiman Marcus Group had no choice but to close its 67 stores.

Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic

08 May 2020

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic. | Video

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