- Reuters
Apparel retailer rue21 files for third bankruptcy, will close all stores
Teen apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property. rue21 has attempted to sell its business, but no buyer appeared willing to pay more than the company would earn by liquidating its inventory in "going out of business" sales and shutting down its stores, the company said in documents filed in Wilmington, Delaware, bankruptcy court. At its peak, it had 1,000 stores in malls throughout the U.S. The company closed about 400 stores during its 2017 bankruptcy, in a deal that allowed rue21 to slash $700 million in debt.
- Motley Fool
Why Etsy Stock Took a Dive Today
The e-commerce stock delivered another disappointing earnings report.
- The Telegraph
High Court orders traveller families to stop digging out Welsh hillside after residents feared landslip
Traveller families have been stopped from digging out a hillside after a council won a High Court injunction.
