Aisha Al-Muslim
Wall Street Journal
New York, United States
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Past articles by Aisha:
Financial Advisers Turn From the Business of Restructuring as Bankruptcies Fall
Investment banks and other financial advisers are putting the business of fixing troubled companies on the back burner as financial distress stemming from the Covid-19 pandemic diminishes. → Read More
Air Force One Supplier GDC Technics Files for Bankruptcy
GDC, a Boeing subcontractor working on government executive fleets, filed for chapter 11 protection Monday in the U.S. Bankruptcy Court in San Antonio. The Fort Worth, Texas-based aerospace company valued both its assets and liabilities in the $10 million to $50 million range, according to court papers. → Read More
By Chloe Co-Founder Fights Over Trademark for Bankrupt Vegan Chain
Celebrity chef Chloe Coscarelli and her company, Chef Chloe, agreed to a court hearing later this month so that a bankruptcy judge could determine the ownership of the trademark of By Chloe, the fast-casual chain she co-founded but left behind after a dispute. → Read More
All-You-Can-Eat Pizza Chain Cici’s Files for Bankruptcy
CiCi’s Holdings, the company behind the unlimited pizza buffet restaurant chain, has filed for bankruptcy proposing to sell itself to a lender after in-person dining restrictions and growth in food delivery hurt sales. → Read More
Francesca’s Clothing Chain Approved for Bankruptcy Sale
The buyers of Francesca’s remaining specialty retail business will keep at least 275 of its boutiques open, and retain the management team and nearly all other employees. → Read More
Christopher & Banks Files for Bankruptcy, Closing All Stores
The apparel retailer said it is in active discussion with potential buyers for its e-commerce platform. → Read More
DOJ Settles First Civil PPP Fraud Case Against Bankrupt Online Retailer
A bankrupt internet retailer is the first borrower under the Paycheck Protection Program to settle civil Justice Department fraud allegations after the company falsely claimed it wasn’t bankrupt on a $350,000 loan application. → Read More
Retail Tenants Leverage Pandemic Stress for Rent Cuts
U.S. commercial landlords have granted billions of dollars of rent relief to struggling storefronts as property owners strive to keep falling occupancy rates from triggering more severe financial consequences. → Read More
Back From the Brink: Buyers Snatch Up Moribund Brands for a Second Life Online
Lord & Taylor, Stein Mart and Pier 1 Imports are among a number of zombie brands salvaged from bankruptcy and being reenvisioned as online-only retailers. → Read More
Bankrupt Ann Taylor Owner Gets Green Light for Sale Despite DOJ Objection
Ascena has won court approval to sell its Ann Taylor, Lane Bryant, Loft and Lou & Grey retail brands out of bankruptcy to private-equity firm Sycamore Partners, in a deal valued at about $1 billion. → Read More
Retail Entrepreneurs Buy Twice-Bankrupt RadioShack With Plans for Online Revival
Two entrepreneurs who have been collecting fallen retail brands during the coronavirus pandemic are taking over the reins of RadioShack, acquiring the nearly century-old gadget seller’s brands and online business. → Read More
Black People More Likely to File for More Expensive Bankruptcy Option, Experts Say
Several studies focused on racial disparities in the consumer bankruptcy system also found that Black people make up a higher percentage of debtors across the bankruptcy system compared with the total population, said law professor Robert Lawless at the American Bankruptcy Institute’s Consumer Bankruptcy Forum on Wednesday. → Read More
A Grand Harlem Ballroom Is Empty Again in Coronavirus Pandemic
The Alhambra Ballroom, one of the last surviving historic Black music venues in Harlem, had a revival as an events venue after decades of vacancy. Then the coronavirus pandemic put an end to the parties. → Read More
Friendly’s Restaurant Owner Files for Bankruptcy Amid Pandemic
The operator of the restaurant chain, buckling under pressure from the coronavirus pandemic, said it has filed for chapter 11 bankruptcy with a deal in hand to be acquired and to keep most of its locations open. → Read More
State Sues New York Sports Clubs Owner Over Fees for Closed Gyms
New York’s attorney general is suing the parent of New York Sports Clubs and Lucille Roberts gyms for allegedly taking advantage of customers by illegally charging them monthly fees despite coronavirus-related closures. → Read More
U.S. Retail Bankruptcies, Store Closures Hit Record in First Half
Retail bankruptcies, liquidations and store closings in the U.S. reached records in the first half of 2020 as the Covid-19 pandemic accelerated industry changes, particularly the shift to online shopping, according to a report. → Read More
Consumers Take Retailers to Court Over Unused Gift Cards
Consumer law firms are working to help shoppers recoup the value of unused gift cards from bankrupt retail chains, hoping to revive court claims that might otherwise be deemed worthless. → Read More
Refund Requests Pour In for Bankrupt New York Sports Clubs Owner
The bankrupt owner of New York Sports Clubs and Lucille Roberts said it was prepared to pay out as much as $850,000 in an effort to quell a social-media-fueled backlash over its billing practices during the pandemic. → Read More
Ann Taylor’s Parent Gets Nearly $41 Million New Offer for Catherines Brand
Ascena Retail, the parent company of Ann Taylor and Lane Bryant, plans to sell its plus-size chain Catherines out of bankruptcy to a new bidder for more than double what it was initially offered. → Read More
Owner of New York Sports Clubs Strikes Potential Lender Takeover Deal
The owner of New York Sports Clubs and Lucille Roberts gyms is preparing to sell itself out of bankruptcy to lenders that have agreed to supply the financing needed to keep the fitness chains open. → Read More