reorganization

Serta Simmons Bedding Files for Bankruptcy as Part of Agreement With Lenders

Serta Simmons Bedding (SSB) has filed for Chapter 11 bankruptcy at the U.S. Bankruptcy Court for the Southern District of Texas. The…

Alibaba Separates International and Domestic Commerce Operations, Names New CFO

Alibaba Group has reorganized its consumer and wholesale commerce divisions and named current Deputy CFO Toby Xu to succeed Maggie Wu as…

Bed Bath & Beyond To Eliminate 2,800 Jobs In Cost-Cutting Reorganization

Bed Bath & Beyond is accelerating its restructuring plan with the layoffs of 2,800 employees at both the corporate and store level….

Office Depot Taps Former Lenovo EVP Gerry P. Smith As CEO

Office Depot has appointed Gerry P. Smith as CEO. Smith will succeed current CEO Roland Smith (no relation), who announced his retirement…

Office Depot CEO Roland Smith To Retire In 2017 As Exec Committee Reorganizes

Roland Smith, the CEO of Office Depot, plans to retire from his position at the end of Q1 2017. Smith will remain…

Aéropostale Forced To Seek Buyer As Reorganization Is ‘Not Feasible’

Aéropostale, the latest of several teen retailers that filed for Chapter 11 bankruptcy protection in May, is unlikely to reorganize after all….

Borders To Honor Loyalty Program And Gift Cards Through Bankruptcy

Borders has filed Chapter 11 bankruptcy but says “business operations continue as normal,” in a statement posted on a new web page…

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