The retailer, renamed Exemplar Luxury Group, is ditching anything that isn’t focused on high-end department store shopping.
Category: Bankruptcies
-
Saks Emerges From Bankruptcy With a New Plan and Corporate Name
The New York Times – Business: -
How Delta Steered Around Airline Industry Chaos
The New York Times – Business:The carrier has become the country’s most profitable by catering to affluent travelers, but it is facing stiffer competition from United.
-
For Struggling JetBlue, Spirit’s Demise May Offer an Opportunity
The New York Times – Business:JetBlue Airways is adding flights at Spirit Airlines’ former home airport as it tries to turn a profit again.
-
Spirit Airlines’ Demise Could Help Other Airlines
The New York Times – Business:Even in its reduced state, the company played an important role in forcing other airlines to keep fares low, some experts said.
-
Spirit Airlines Cancels All Flights, Stranding Passengers
The New York Times – Business:The budget carrier abruptly canceled flights early on Saturday, leaving passengers to rush to make other plans. “Even if they go back into business, never again,” one traveler said.
-
Spirit Airlines, a Pioneer of Low-Fare Flights, Shuts Down
The New York Times – Business:Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
-
Spirit Airlines Prepares to Shut Down
The New York Times – Business:The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
-
U.S. Nears Loan to Rescue Spirit Airlines
The New York Times – Business:The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.
-
Trump Dismisses a Merger While Seeking Suitors for Spirit Airlines
The New York Times – Business:As he rejected the idea of a merger of United Airlines and American Airlines, President Trump said someone, including possibly the federal government, should buy or help Spirit.
-
America’s Furniture Stores Struggle to Survive a Frozen Housing Market
The New York Times – Business:Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes.
-
Vertical Farms Tried to Compete With Open Field Farming. It Isn’t Going Well.
The New York Times – Business:The industry was a darling of the venture capital world 10 years ago. With many farms out of business, the remaining companies have scaled back.
-
After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
The New York Times – Business:Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.