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Bargain Hunt files Chapter 11 with plans to close all stores

Bargain Hunt files Chapter 11 with plans to close all stores

But with no stalking horse bidder currently lined up, Rob Hubbard, the company’s chief restructuring officer, said “an immediate liquidation of [Bargain Hunt’s] assets through its retail stores is the only way to maximize value.”

Adidas reaches settlement with Ye as Yeezy inventory dwindles

Adidas reaches settlement with Ye as Yeezy inventory dwindles

Gross margin expanded 2 percentage points to 51.3%, despite the hit from “this year’s significantly smaller and less profitable Yeezy business,” and net income soared 70% to 476 million euros, per a company press release.