Brigade, B. Riley Provide $218MM New Financing for Barneys
Barneys New York has secured approximately $218 million in new financing from Brigade Capital Management and B. Riley Financial to facilitate a going concern sale process.
Barneys New York has secured approximately $218 million in new financing from Brigade Capital Management and B. Riley Financial to facilitate a going concern sale process.
The Wall Street Journal reported Barneys New York has received approval from senior lenders Wells Fargo and TPG to request junior loans from Hilco and Gordon Brothers as it prepares to file for Chapter 11 protection.
Gordon Brothers, the global advisory, restructuring, and investment firm, appointed Michael Brandt its new chief operating officer
Gordon Brothers has appointed Marti Kopacz as chief development officer.
Leslie Zmugg has joined Gordon Brothers as the firm’s general counsel. In this role, she will lead the firm’s worldwide legal function.
Gordon Brothers, the global advisory, restructuring, and investment firm, has announced several key leadership promotions.
Shopko was unable to find a buyer for its go-forward business as a going concern. Gordon Brothers will oversee the liquidation process which is expected to conclude 10-12 weeks from now.
Charlotte Russe Holdings and its subsidiaries entered discussions with prospective bidders for a going-concern sale of the company to continue its brick-and-mortar and online platforms.
Real estate services firm JLL and restructuring advisors Gordon Brothers formed a strategic alliance to elevate both firm’s services for retailers and their investors.
Great American Group, Tiger Capital Group, Hilco Merchant Resources and Gordon Brothers will lead the liquidation of all Gymboree and Crazy 8 stores in the U.S. and Canada in the wake of Gymboree’s bankruptcy filing.