Beauty Brands
According to Business Insider, Beauty Brands applied for bankruptcy in January 2019. Kansas City Star said that it sold its assets on the market. It went on to say that advertising icon Bob Bernstein was interested in buying the company. According to a bankruptcy judge in Delaware, Bernstein was the “stalking horse bidder”. That position was previously held by Hilco Merchant Resources before Bernstein entered the scene.
Beauty Brands
Shopko
Business Insider said that the Wisconsin-based retailer applied for bankruptcy in January 2019. Shopko wanted to shut down 70 percent of the retail stores from February to Mary as it reorganized. According to USA Today, the company planned to close 251 stores in February and leave only 110 stores open. Shopko would need to issue a Worker Adjustment and Retraining Notification Act in Wisconsin and Illinois. A Shopko spokesperson by the name of Michelle Hansen had this to say about the matter at hand: “Through our conversations with the potential buyers, it has become clear that it is in our best interest to operate with a significantly smaller store footprint.”
Shopko