Beauty Brands
On January 4, 2019, Beauty Brands applied for Chapter 11. It allegedly sold a number of assets on the market. It was said that advertising master Bob Bernstein was interested in the company. The “stalking horse bidder” was the person who originally launched the beauty company, so this made sense!
Beauty Brands
Shopko
Business Insider says that Shopko applied for bankruptcy on January 16, 2019. It hoped to shut down 70 percent of its stores from February to May 2019 as it reorganized. USA Today said it was going to shutter 251 stores in February but leave 110 stores open. The plan involved closing fewer stores by December. Shopko spokesperson Michelle Hansen 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
