11th hour bankruptcy filing cancels auction of secretly stored African Art in Harris County
KPRC 2 Investigates uncovered the secretly stored art in a Harris County maintenance shed. Hundreds of thousands of dollars were spent to makeover the shed and store art under the control of Commissioner Rodney Ellis.
Alamo Drafthouse files for Chapter 11 bankruptcy, announces deal to sell assets, reports say
They say all good things must come to an end, but we are hoping this theater franchise can withstand the harsh effects of the pandemic. Alamo Drafthouse, the theater chain known for its food and drink servicing options while guests enjoy a good film, is filing for Chapter 11 bankruptcy protection, according to The Hollywood Reporter. According to The Hollywood Reporter, the theater franchise is entering into a โrestructuring agreementโ and plans to sell assets to Altamont Capital and Fortress Investment Group. Tim League, a founder of Alamo Drafthouse and its executive chairman, will also be among the buyers, The Hollywood Reporter said. The deal will hopefully allow the theaters to survive beyond the pandemic.
Closing sales start at some JCPenney stores
(CNN) โ The end is near for about one out of every six JCPenney stores. With many stores closed because of health concerns in late March and throughout April, some bankruptcy filings were delayed because of the inability to hold store closing sales, according to industry experts. The flood of retail bankrupticies that started in May, as businesses were allowed to reopen, could continue to pick-up steam now that store closing sales are again possible. With the 120 stores reopening Wednesday, JCPenney now has virtually its entire network of stores open again. The widespread store closing sales at JCPenney is further bad news for rivals such as Macy's, Sears and Kohl's, which now must compete with rock-bottom prices at many JCPenney stores.
Bride-to-be spent $12K for Katy venue that shut its doors, putting her wedding day at risk
The bride-to-be said Noahโs Event Venue, the location of her wedding, unexpectedly closed without any sort of notification. She said she has paid Noahโs Event Venue about $12,000 for the space and bar, which includes nearly $5,000 two weeks ago. Noahโs Event Venue is a do-it-yourself type of venue, Gonzalez said, meaning they had to find their own vendors. A national bridal issueThis is not the first time Noahโs Event Venue has left brides scrambling. KPRC 2 has reached out to Noahโs Event Venue but has not heard back.