The Weinstein Company
There was no way that you have not heard about the #MeToo movement, which started after allegations against Harvey Weinstein came out in October 2017. He was accused of sexual misconduct by women like Ashley Judd, Rose McGowan, and more. The Weinstein Company ended up filing for bankruptcy in March 2018. Two months later, it was acquired by the Dallas-based private-equity firm called Lantern Capital Partners. According to the New York Times, the payment involved $310 million and the assumption of debt worth $115 million. Even though the firm did not dabble in Hollywood before, there is always a first time for everything!
Weinstein
Macy’s
Usually, when Macy’s announces store closings, it’s after the holiday season. However, this year, they already announced that a bunch of stores will be closing. Twelve locations have shut down in 2018 and in 2019, more than four locations are closing for good. While Macy’s is still making good money overall, they have to be careful about where they’re spending. Due to this, they’re starting to close stores that aren’t making enough money for them.
Macy’s
