ABU DHABI / WAM Following consultations and approval of President His Highness Sheikh Mohamed bin ...
Read More »J Crew is first of many retail casualties
Even as some retailers begin to open stores again, the pain across malls and main streets continues to take its toll. J Crew Group Inc said it would begin pre-arranged Chapter 11 bankruptcy proceedings and enter into a $1.65 billion debt-for-equity swap with its lenders, becoming the first major US retailer to succumb to the economic convulsions caused by the ...
Read More »