When companies file for bankruptcy, its become common for them to shed pension plans they cant fund, said Larry Perkins, a bankruptcy expert and chief executive of SierraConstellation Partners. Thats one reason the PBGC exists in the first place: to protect pensioners.
Date: Jan 29, 2019
Category: Headlines
Source: Google
GameStop closing 150 stores as it shifts business focus
Larry Perkins, CEO and co-founder of SierraConstellation Partners, says the gaming market is following the path of other specialty retailers in moving toward more diversified offerings. "Not only are they getting hammered by the online retailers and big box that have an inherent cost advantage throu
"The marketplace for broad-spectrum sporting goods is very, very limited now," said Larry Perkins, CEO of interim management firm SierraConstellation Partners, whose clients include struggling retailers. "Sporting goods retailers are really in the center of bull's-eye."
Date: Mar 07, 2017
Category: Business
Source: Google
First World War memorial tree comes down in Surrey
Thats the word from 84-year-old Larry Perkins, who said Monday that a tree thats stood as a memorial to Canadas fallen veterans, but which finally fell Saturday night, couldnt last forever.
Date: Aug 01, 2016
Source: Google
Sports Authority is bankrupt and closing 140 stores
"Someone who wants to shop in a brick-and-mortar store and try on the baseball glove, or get the feel of a golf club, wants a better shopping experience," said Larry Perkins, of SierraConstellation Partners, an expert in retail reorganizations. "That's not Sports Authority any more."
It is likely Sports Authority will have to close between 200 to 250 of its 450 stores, said Larry Perkins, of SierraConstellation Partners, an expert in retail reorganizations. The bankruptcy process is key to getting out of leases at the money-losing stores, he said.
Getting back to being a hobbyists playground that operates at a fraction of the scale of the current business can only happen after a bankruptcy, says Larry Perkins, a restructuring expert who runs Sierra Constellation Partners, a consulting firm. According to Bloomberg News, RadioShack has also di
Date: Feb 02, 2015
Category: Business
Source: Google
RadioShack reports loss, warns it's running out of cash
"Once you use the "B" (bankruptcy) word in a public release, that means you're contemplating the situation very, very seriously," says Larry Perkins, founder and CEO of SierraConstellation Partners, a turnaround specialist dealing with restructuring.