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Entries tagged "retailer"UST miffed over Circuit City bonus proposalLiquidating Circuit City Stores Inc. will ask a bankruptcy judge to pay executives and other employees about $4.63 million to stay with the company as it winds down. SEC filing: Burkle has an appetite for Whole FoodsYucaipa Cos. founder Ron Burkle, best known for his investments in supermarkets, has taken a bite out of troubled organic grocer Whole Foods Market Inc., which is facing a Federal Trade Commission challenge to its 2007 purchase of rival Wild Oats Markets Inc. Is the investment purely opportunistic, or is Yucaipa sampling the wares before a purchase? ... Steve & Barry's gets a HaroldDiscount clothing retailer Steve & Barry LLC's has a new lease on life, purchased out of bankruptcy on Aug. 22. Now, the Port Washington, N.Y.-based company made a new hire in Harold Kahn, who will assume the chief executive position. Kahn is no stranger to struggling retailers as he was president of Abraham and Straus and Montgomery Ward, both companies which shut their doors years ago because of waning sales and tough competition. ... Marbury to hit the court against Steve & Barry'sNew York Knicks guard Stephon Marbury loves his low-price sneaker line so much that he's tattooed the "Starbury" logo into his head. But bankrupt Steve & Barry's LLC, the exclusive retailer of Marbury's affordable sneakers, apparently doesn't appreciate the extraordinary lengths the Brooklyn, N.Y., native has gone in promoting the brand. ... Will vice chair appointment re-energize Circuit City auction?Activist investor Mark Wattles of Wattles Capital Management LLC, who has been pressing a Circuit City Stores Inc. sale since the beginning of this year, has a minor victory under his belt, as James Marcum, a member of his nominated three-person board slate, has risen to the ranks of vice chairman of the retailer. But, will Marcum use his newfound role to help drive a sale of the ailing retailer?... Steve & Barry's gets bidderSteve & Barry LLC may be saved from liquidation. The company announced that BH S&B Holdings, a newly formed subsidiary of investment firm Bay Harbour Management, has placed a stalking-horse bid of $163 million to acquire certain of the company's assets. The firm intends to continue to operate the chain of clothing stores.... Circuit City inches toward a saleFacing activist pressure to put itself on the block, struggling electronics retailer Circuit City Stores Inc. has hired Goldman, Sachs & Co. for advice, two sources said Friday. ... In bankruptcy, seeing how the other half livesWe write about bankruptcies at The Deal for lawyers, Wall Streeters and others in the corporate crowd. But a trip to the Fortunoff store in White Plains this past weekend put in perfect perspective the "other side" of the bankruptcy buyouts I cover almost everyday. The uncertainty of Fortunoff employees I talked to regarding the future of the company stood in stark contrast to the rather certain and all-knowing perspective of the lawyers and bankers that I usually converse with.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "retailer." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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