Borders Group Objections Filed
Multiple Borders Group landlords filed with the US Bankruptcy Court on July 12 objections and related joinders to objections previously filed against the company's motion for an order approving the sale of substantially all of the Debtors' assets free and clear of all liens, claims, encumbrances, and interests and the assumption and assignment of executor contracts and unexpired leases related thereto, approving sale procedures and break-up fee, and granting related relief.
Please Mum Files
Canadian-based children's clothing retailer Please Mum closed 68 stores after filing for protection under the Bankruptcy and Insolvency Act, leaving 21 stores open. The company contended that young mothers are now seeking fast fashion disposable clothing made overseas rather than quality garments made at home. Please Mum is attempting to shift to developing unique, higher-margin brands.
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