RadioShack entered into a partnership with HobbyTown to bring its branded electronics to over 60 HobbyTown franchise store locations nationwide.
The U.S. Bankruptcy Court approved the reorganization plan of General Wireless Operations d/b/a RadioShack. The plan includes concentrating on online retail operation and reducing the number of brick-and-mortar stores to 28 or less.
Branding has become the buzz word of the 21st century for marketers promoting their products. But brands themselves have value and can be used as collateral when structuring a loan. Hugh Larratt-Smith explains how these loans are created and explores the successes and the pitfalls of lending against brands.
General Wireless Operations, doing business as RadioShack, filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Bloomberg reported its sources say General Wireless, the company that purchased struggling retailer RadioShack, could seek bankruptcy protection as early as next week.
For 95 years, do-it-yourselfers looked to RadioShack for parts, products and advice. Like many brick-and-mortar retailers, RadioShack has suffered from changes in customer behavior and retreated to Chapter 11 to restructure. Attorney Stephen Selbst provides an in-depth look at the missteps that sent
RadioShack into bankruptcy.
Nutter McClennen & Fish Attorneys Philip Rosenblatt and John Loughnane examine developments in the RadioShack bankruptcy case concerning agreements among lenders that form the basis of unitranche transactions. While the RadioShack case is interesting and instructive, they argue that it should not provide any false sense of comfort to lenders.
Branding expert Ilan Geva explores the often overlooked importance of branding in a turnaround, citing key takeaways from the recent turnaround efforts of recognizable brands including RadioShack, McDonald’s, Blackberry and Twinkies.
RadioShack’s junior creditors are suing hedge fund Standard General, the company’s largest pre-bankruptcy shareholder and current owner, in a last-ditch effort to get repaid.
The Wall Street Journal reported that RadioShack lawyers have outlined a settlement of a lawsuit regarding approximately $40 million of unredeemed gift cards, many of which are likely to be repaid in full.