Chapter 11 sale of ‘Ebony’ and ‘Jet’ magazines put on hold by Texas judge

The Chapter 11 sale of the historic magazines, Ebony and Jet, has been put on hold after a Texas bankruptcy judge halted the order based on a claim objection that had been blocked by an insider deal. As previously reported by rolling out in July 2020, the longstanding iconic magazines filed bankruptcy and creditors were […]

Details about ‘Girlboss’ Sophia Amoruso’s bankrupt brand, Nasty Gal

In November 2016, cult online fashion retailer Nasty Gal filed for Chapter 11 bankruptcy protection. Sophia Amoruso was only 22 when she founded the company in 2006. In 2014, the Los Angeles-based company generated $85 million in revenue. Today, the company is for sale at a price tag of $20 million and set to be purchased […]

Renowned Fashion Label Betsey Johnson Has Serious Money Problems, Lands New Reality Show

Legendary fashion designer Betsey Johnson, who’s known for her bold and flirty selection of evening and day dresses plus apparel, handbags, shoes, jewelry, watches, swimwear and lingerie, has filed Chapter 11. The vibrant 69-year-old’s licensing company filed for bankruptcy protection and the move will reportedly result in the closure of the majority of its stores. […]