JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
Tag : bankcruptcy
The US Fashion Retail Bankruptcies
Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,...
Ann Taylor May be Out of Bankruptcy Before Thanksgiving
Bankrupt Ascena Retail Group has a hearing on Oct. 23 to confirm its reorganization plan and, once approved, can expect an exit court proceedings about...
FUNDS TO BE RELEASED BY MOT under RoSTCL
The Union Cabinet, in March 2020, had approved the continuation of RoSCTL for export of garments and made-ups from April 1, 2020, till the scheme...