Tag Archives: JCrew

Financial Daily Dose 5.4.2020 | Top Story: J.Crew Files for Bankruptcy Protection

BY: Juvian Hernandez | May 4, 2020

J.Crew filed for bankruptcy protection; the company’s lenders have agreed to “convert $1.65 billion . . . into equity.” Neiman Marcus Group Inc. and J.C. Penney are also on the bankruptcy path, already entering talks with lenders – WSJ and NYT All American equity indexes opened lower; the yield on two-year Treasuries was unchanged at 0.19% (the lowest … Continue reading

Financial Daily Dose 1.29.2020 | Top Story: Chipotle fined over thousands of child labor law violations in Massachusetts

BY: Michael D. Reif | January 29, 2020

Massachusetts has fined Chipotle $1.4 million as part of a settlement with the restaurant chain over accusations that “it routinely violated [state] labor laws, with authorities estimating more than 13,000 violations from 2015 to 2019” – NYTimes and Law360 Ghosn-tainted French automaker Renault has chosen Luca De Meo, a marketing specialist at Volkswagen, as the … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 6, 2017

Hoping to reverse recent years of struggles, J. Crew is bidding farewell to CEO Mickey Drexler (though he’ll stay on as chairman) in favor of West Elm’s James Brett – NYTimes and WSJ and Bloomberg SCOTUS issued an unanimous decision yesterday restricting the powers of the SEC to claw back improperly realized profits and imposing … Continue reading