Beauty Brands
Beauty Brands filed for bankruptcy on the 4th of January in 2019. Kansas City Star said that it planned to sell its assets. In an article from January 23, it said McDonalds Happy Meal creator Bob Bernstein was interested in buying the company. The advertising icon was the “stalking horse bidder”, even edging out Hilco Merchant Resources for the title. The truth is that Bernstein is the one to launch the company! We shall see how this will go for the beauty company.
Beauty Brands
Shopko
According to Business Insider, Shopko filed for bankruptcy on the 16th of January in 2019. It wanted to shut down 70 percent of all retail stores from February to May 2019. The reorganization was part of the plan as well. It closed 251 stores in February. Did you know that it has to issue a Worker Adjustment and Retraining Notification Act in the states of Wisconsin and Illinois? Spokesperson Michelle Hansen also said, “Through our conversations with the potential buyers, it has become clear that it is in our best interest to operate with a significantly smaller store footprint.”
Shopko
