Beauty Brands
Beauty Brands filed for Chapter 11 bankruptcy protection on January 4, 2019. Kansas City Star said that the brand put certain assets for sale. The article also said that advertising icon Bob Bernstein is thinking of buying the company. He originally launched the company, so it made sense that he was the “stalking horse bidder.” Beauty Brands and Hilco Merchant Resources had originally been in an asset purchasing agreement. The partner used to be the stalking horse bidder before the title went to Bernstein.
Beauty Brands
Shopko
According to Business Insider, Shopko applied for Chapter 11 bankruptcy protection on January 16, 2019. It hoped to shut down 70% of the retail stores between February and May 2019 as it organized. The company announced plans to shutter 251 stores in February, which meant leaving 110 locations open. It also planned to shut down more stores in December. Shopko spokeswoman Michelle Hansen explained, “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
