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Wal-Mart a Top Cause for Brown & Cole Chap. 11; at Least 23 Units to Stay Open
BELLINGHAM, Wash. -- Brown & Cole Stores, LLC, which Tuesday filed a Chapter 11 petition in federal bankruptcy court in Seattle, said yesterday it plans to keep at least 23 of its 27 stores open, and is arranging new financing to ensure stable operations, and to continue its recent strong trends in sales and customer growth. It will close four stores if buyers for them aren't found. -
Judge Green-lights Winn-Dixie's Reorganization Plan
JACKSONVILLE, FL, November 9, 2006 - Winn-Dixie Stores, Inc. said yesterday it expects to emerge from Chapter 11 within 30 days, thanks to the news that the U.S. Bankruptcy Court for the Middle District of Florida confirmed its plan of reorganization.