Content about Bankruptcy

December 13, 2010

Battling hefty debt and intense competition, grocer A&P filed for bankruptcy on Sunday and has secured $800 million in debtor-in-possession financing to keep the 395-store chain open and operational during the proceedings.

MONTVALE, N.J. — Battling hefty debt and intense competition, grocer A&P filed for bankruptcy on Sunday and has secured $800 million in debtor-in-possession financing to keep the 395-store chain open and operational during the proceedings.

November 24, 2010

Just one week after clearing the antitrust hurdle to acquire American Safety Razor, Energizer announced that its acquisition of the company now is complete.

ST. LOUIS — Just one week after clearing the antitrust hurdle to acquire American Safety Razor, Energizer announced that its acquisition of the company now is complete.

Energizer purchased substantially all of the assets of American Safety Razor for $301 million in cash and the assumption of certain liabilities, the company said.

As previously reported by Drug Store News, Energizer announced in early October that it was the winning bidder for ASR in bankruptcy court proceedings.

November 16, 2010

Energizer Holdings has obtained U.S. antitrust clearance for the acquisition of American Safety Razor....

ST. LOUIS Energizer Holdings has obtained U.S. antitrust clearance for the acquisition of American Safety Razor.

The waiting period for the antitrust review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. Clearance from regulatory authorities in Germany and Taiwan now must be satisfied before closing.

Energizer stated that it will continue to seek clearance from those authorities in advance of the Nov. 23 deadline in the Asset Purchase Agreement between Energizer and ASR.

November 14, 2010

It was announced in October that Energizer Holdings emerged as the winning bidder for American...

ST. LOUIS — It was announced in October that Energizer Holdings emerged as the winning bidder for American Safety Razor in bankruptcy court proceedings, inking a deal to buy substantially all of ASR’s assets. To top it off, Energizer earlier this year won—ironically from ASR—the entry price point/disposable wet-shaving business at Walmart. In light of these developments, at least one industry observer believed that Energizer is poised for significant growth opportunities.

November 10, 2010

Former Kmart CEO Charles Conaway has agreed to drop his appeal of a $10 million...

HOFFMAN ESTATES, Ill. — Former Kmart CEO Charles Conaway has agreed to drop his appeal of a $10 million fine levied last year by the Securities and Exchange Commission for his role in misleading investors. Conaway, who ran Kmart a decade ago after serving as president of CVS, will pay $5.5 million to settle the charges, according to reports from the Associated Press and other news sources.

October 11, 2010

Energizer Holdings emerged as the winning bidder for American Safety Razor in bankruptcy court proceedings,...

ST. LOUIS Energizer Holdings emerged as the winning bidder for American Safety Razor in bankruptcy court proceedings, inking a deal to buy substantially all of ASR’s assets for $301 million in cash and the assumption of certain liabilities.

The acquisition is subject to regulatory approval. Energizer is the parent company of Schick Wilkinson Sword, the second-largest manufacturer and marketer of men’s and women’s wet-shave products in the world.

 

September 7, 2010

Tops Friendly Markets will reopen 20 stores in central and northern New York that it...

May 12, 2010

Bi-Lo has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy protection, the...

May 2, 2010

The maker of a long-acting formulation of the antibiotic amoxicillin has filed for bankruptcy....

March 4, 2010

Price Chopper plans to purchase six stores from Tops Friendly Markets, Price Chopper announced Thursday....

March 3, 2010

Family-owned supermarket chain Bashas’ has revamped its Web site....

January 26, 2010

The U.S. Bankruptcy Court has approved a plan by Tops Friendly Markets to acquire the...

January 10, 2010

Tops Friendly Markets has emerged as the buyer of the assets of bankrupt supermarket operator...

March 26, 2009

It could have been so much worse....

It could have been so much worse.

 

That conclusion, apparently, is what investors drew from Walgreens’ sales and earnings report for the second quarter ended Feb. 28. And it was enough to push the company’s stock price up sharply and burnish the investment outlook for other drug retailers: even Rite Aid’s stock price responded with a nice up-tick.

 

 

March 19, 2009

The retail pharmacy universe just got a little bit smaller....

The retail pharmacy universe just got a little bit smaller.

 

Despite Drug Fair’s turnaround efforts in recent years, the regional player has fallen victim to the current economic crunch, filing for bankruptcy protection and agreeing to sell the majority of its assets to Walgreens.