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Alex and Ani Announces Restructuring Support Agreement with Its Secured Lenders and Equity Sponsors

/PRNewswire/ Alex and Ani, LLC ("Alex and Ani" or the "Company"), creators of the iconic charm bangle and affordable meaning based jewelry, today announced. ....

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GoLocalProv | NEW: Alex and Ani Joins Long List of Fashion Brands in Filing for Chapter 11

Alex and Ani, the company that revolutionized bangle jewelry in America more than a decade ago could not escape the financial impacts of the pandemic. The Rhode Island jewelry company joins some of the biggest names in fashion and retail who have filed fo ....

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Portage Point Partners Enhances Consumer Retail Practice with the Addition of Industry-Leading Executives

Portage Point Partners Enhances Consumer Retail Practice with the Addition of Industry-Leading Executives
June 2, 2021
CHICAGO, June 2, 2021 – Portage Point Partners, a business advisory and interim management firm, has significantly enhanced its consumer retail practice with the addition of a team of executives that have helped transform global retail, including Managing Directors Tom Park and Glenn McMahon and Senior Advisers Michael Feurer and Gerry Rittenberg.
“This is a defining moment for retail, and while there are unprecedented market forces impacting the industry, we are optimistic about the future of consumer retail and of individual retailers to grow and thrive amidst the change,” said Matthew Ray, Founder and Managing Partner at Portage Point. “Our enhanced consumer retail group strengthens our service offerings in the retail sector exponentially and provides unparalleled guidance, management and expertise.” ....

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Portage Point Continues Turnaround & Restructuring Expansion with Addition of Seasoned Advisor Adam Chonich

Portage Point Continues Turnaround & Restructuring Expansion with Addition of Seasoned Advisor Adam Chonich
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CHICAGO, May 11, 2021 /PRNewswire/ Portage Point Partners, LLC (Portage Point), a business advisory and interim management firm that partners with stakeholders during periods of transition, underperformance and distress, announced today that Adam Chonich has joined the firm as a Managing Director.
Adam has well over a decade of turnaround and restructuring experience having advised companies across industries including automotive, retail, aviation and aerospace, distribution and logistics, energy and utilities, and travel and leisure. Adam s expertise bridges the chasm between core restructuring advisor and operational improvement tactician that our clients value, said Matthew Ray, Founder & Managing Partner of Portage Point. His experience across industries, geographies and business models has ....

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Alamo Drafthouse Cinemas Hits Ch. 11 With Plans For Sale

Movie theater chain Alamo Drafthouse Cinemas filed for Chapter 11 protection in Delaware bankruptcy court Wednesday with nearly $123 million in debt and a plan for a sale to a pair of investment firms, saying the strain of COVID-19 closures had become too great. ....

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