Monday, March 9, 2020

Modell’s prepping for bankruptcy filing

New York Post
Modell’s Sporting Goods is preparing to file for Chapter 11 bankruptcy as soon as Sunday, The Post has learned.

The 131-year-old athletic gear retailer has stopped shopping for a white-knight investor to help renegotiate its 140 leases across nine US states and the District of Columbia, and is likewise giving up on getting better terms from its vendors, Chief Executive Mitch Modell confirmed on Friday.. . . more