The Weinstein Company
We are sure that you heard about all the sexual misconduct allegations filed against Harvey Weinstein. Many influential women stepped up to accuse the film executive of harassment and rape. The Weinstein Company applied for bankruptcy protection in March 2018. Lantern Capital Partners bought it in May 2018, however. According to the New York Times, the private-equity firm paid $310 million and assumed $115 million in debt. The firm portfolio has auto dealerships and a zinc recycling company.
Weinstein
Macy’s
When Macy’s announces closures, it typically happens after the holiday season. However, they already announced that they are closing several stores before that. In 2018, they closed down twelve locations. This was followed by four more in 2019. Even though the company is still making money, it decided to be cautious about what it spends its money on. This is the reason they started to shut down stores that did not bring in a satisfactory amount of profit.
Macy’s
