Private equity and disappearing chains

Since January 2015, nearly half of the major retailers and supermarket chains nationwide that filed for bankruptcy were owned by private equity firms.

Since January 2015, more than 40 percent of the 43 parent companies representing 52 retail and supermarket chains in the nation that filed for bankruptcy were owned by private equity firms. Many of those bankruptcies involved some of the largest debt ranges in the 28-month period. Newsday examined retailers with 10 or more brick-and-mortar locations nationwide and excluded e-commerce sites, restaurants and food establishments. Twenty-one of the 43 parent companies had a Long Island presence. You can read more about the bankruptcies and private equity here.

Data came from S&P Global Market Intelligence, BankruptcyData, AlixPartners, Moody's Investors Service, bankruptcy court records and published accounts, and was compiled by Newsday Special Writer Aisha Al-Muslim and researchers Caroline Curtin and Laura Mann. This data was posted on April 21, 2017.

Headquarters Chains Ownership Company type Operating status Long Island presence Bankruptcy date Bankruptcy outcome Assets Liabilities
Headquarters New York Chains Aéropostale Ownership Sycamore Partners Company type Private equity Operating status Operating; closed some stores Long Island presence Yes Bankruptcy date 05/04/2016 Bankruptcy outcome Sold Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters California Chains American Apparel Ownership Monarch Alternative Capital LP Company type Private equity Operating status Closing all stores Long Island presence Yes Bankruptcy date 11/14/2016 Bankruptcy outcome Sold Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters California Chains Anna's Linens Ownership Anna's Linens Inc. Company type Privately owned Operating status Closed all stores Long Island presence No Bankruptcy date 06/14/2015 Bankruptcy outcome Liquidated Assets $50 million to $100 million Liabilities $100 million to $500 million
Headquarters Texas Chains Backwoods Ownership Jo-Jo Holdings Inc. Company type Privately owned Operating status Operating; closed some stores Long Island presence No Bankruptcy date 11/09/2016 Bankruptcy outcome Sold Assets $1 million to $10 million Liabilities $10 million to $50 million
Headquarters California Chains BCBG Max Azria Ownership Guggenheim Partners Investment Management LLC Company type Private equity Operating status Operating; closed some stores Long Island presence Yes Bankruptcy date 02/28/2017 Bankruptcy outcome Ongoing Assets $100 million to $500 million Liabilities $500 million to $1 billion
Headquarters Florida Chains Body Central Ownership Body Central Corp. Company type Public Operating status Closed all stores Long Island presence No Bankruptcy date 01/09/2015 Bankruptcy outcome Liquidated Assets $50 million to $100 million Liabilities $50 million to $100 million
Headquarters New York Chains C. Wonder Ownership C. Wonder LLC Company type Privately owned Operating status Closed all stores Long Island presence Yes Bankruptcy date 01/22/2015 Bankruptcy outcome Liquidated Assets $10 million to $50 million Liabilities $50 million to $100 million
Headquarters New York Chains Cache Ownership Cache Inc. Company type Public Operating status Closed all stores Long Island presence Yes Bankruptcy date 02/04/2015 Bankruptcy outcome Liquidated Assets $10 million to $50 million Liabilities $50 million to $100 million
Headquarters California Chains Cathy Jean Shoes Ownership Cathy Jean Inc. Company type Privately owned Operating status Closed all stores Long Island presence Yes Bankruptcy date 11/09/2016 Bankruptcy outcome Liquidated Assets Unknown Liabilities Unknown
Headquarters Massachusetts Chains City Sports Ownership Highland Consumer Fund Company type Private equity Operating status Closed all stores; operating online Long Island presence No Bankruptcy date 10/05/2015 Bankruptcy outcome Emerged/Reorganized Assets $10 million to $50 million Liabilities $10 million to $50 million
Headquarters Indiana Chains DirectBuy Ownership Bayside Capital Inc.; PennantPark Investment Corp. Company type Private equity Operating status Closed most stores; operating online Long Island presence Yes Bankruptcy date 11/01/2016 Bankruptcy outcome Sold Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters Connecticut Chains Eastern Outfitters, LLC, parent company of Bob's Stores and Eastern Mountain Sports Ownership Versa Capital Management Company type Private equity Operating status Operating; closed some stores Long Island presence Yes Bankruptcy date 02/05/2017 Bankruptcy outcome Sale approved Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters New York Chains Fairway Market Ownership Sterling Investment Partners Company type Private equity Operating status Operating; closed some stores Long Island presence Yes Bankruptcy date 05/02/2016 Bankruptcy outcome Emerged/Reorganized Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters Michigan Chains Family Christian Ownership Family Christian LLC Company type Privately owned Operating status Closed all stores Long Island presence No Bankruptcy date 02/11/2015 Bankruptcy outcome Liquidated Assets $50 million to $100 million Liabilities $50 million to $100 million
Headquarters California Chains Frederick's of Hollywood Ownership Harbinger Group Company type Private equity Operating status Closed all stores; operating online Long Island presence Yes Bankruptcy date 04/19/2015 Bankruptcy outcome Emerged/Reorganized Assets $10 million to $50 million Liabilities $100 million to $500 million
Headquarters California Chains Fresh & Easy Ownership Yucaipa Companies Company type Private equity Operating status Closed all stores Long Island presence No Bankruptcy date 10/30/2015 Bankruptcy outcome Liquidated Assets $10 million to $50 million Liabilities $100 million to $500 million
Headquarters Colorado Chains Fresh Produce Ownership Fresh Produce Holdings LLC Company type Privately owned Operating status Operating; closed some stores Long Island presence No Bankruptcy date 04/02/2015 Bankruptcy outcome Sold Assets $10 million to $50 million Liabilities $10 million to $50 million
Headquarters Minnesota Chains Gander Mountain Ownership Gander Mountain Company Inc. Company type Privately owned Operating status Operating; closed some stores Long Island presence No Bankruptcy date 03/10/2017 Bankruptcy outcome Ongoing Assets $500 million to $1 billion Liabilities $500 million to $1 billion
Headquarters Texas Chains Golfsmith Ownership First Atlantic Capital Company type Private equity Operating status Operating Long Island presence Yes Bankruptcy date 09/14/2016 Bankruptcy outcome Sold Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters Nebraska Chains Gordmans Stores Ownership Gordmans Stores Inc. Company type Public Operating status Operating; closed some stores Long Island presence No Bankruptcy date 03/13/2017 Bankruptcy outcome Ongoing Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters New Jersey Chains Great Atlantic & Pacific Tea Company, Inc., parent company of A&P, Waldbaum's, Pathmark, Food Emporium, Super Fresh, and Food Basics Ownership Mount Kellett Capital Management; Yucaipa Companies Company type Private equity Operating status Closed all stores Long Island presence Yes Bankruptcy date 07/19/2015 Bankruptcy outcome Liquidated Assets $1 billion to $10 billion Liabilities $1 billion to $10 billion
Headquarters Washington Chains Haggen Ownership Comvest Partners Company type Private equity Operating status Closed all stores Long Island presence No Bankruptcy date 09/08/2015 Bankruptcy outcome Liquidated Assets $10 million to $50 million Liabilities $10 million to $50 million
Headquarters Mississippi Chains Hancock Fabrics Ownership Hancock Fabrics Inc. Company type Public Operating status Closed all stores Long Island presence No Bankruptcy date 02/02/2016 Bankruptcy outcome Liquidated Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters Texas Chains Hastings Entertainment.; MovieStop; SP Images Ownership Draw Another Circle LLC Company type Privately owned Operating status Closed all stores Long Island presence Bankruptcy date 06/13/2016 Bankruptcy outcome Liquidated Assets $0 to $50,000 Liabilities $50 million to $100 million
Headquarters Indiana Chains HHGregg Ownership hhgregg, Inc. Company type Public Operating status Closing all stores Long Island presence No Bankruptcy date 03/06/2017 Bankruptcy outcome Ongoing Assets $0 to $50,000 Liabilities $0 to $50,000
Headquarters New Jersey Chains Joyce Leslie Ownership Joyce Leslie Inc Company type Privately owned Operating status Closed all stores Long Island presence Yes Bankruptcy date 01/09/2016 Bankruptcy outcome Liquidated Assets $1 million to $10 million Liabilities $1 million to $10 million
Headquarters Illinois Chains Marbles: The Brain Store Ownership Amzak Capital Management Company type Private equity Operating status Operating; closed some stores Long Island presence No Bankruptcy date 02/03/2017 Bankruptcy outcome Ongoing Assets $1 million to $10 million Liabilities $10 million to $50 million
Headquarters New Jersey Chains Marburn Curtains Ownership Marburn Stores, Inc. Company type Privately owned Operating status Operating; closed some stores Long Island presence Yes Bankruptcy date 03/13/2015 Bankruptcy outcome Emerged/Reorganized Assets $1 million to $10 million Liabilities $1 million to $10 million
Headquarters Michigan Chains MC Sports Ownership Michigan Sporting Goods Distributors, Inc. Company type Privately owned Operating status Closed all stores Long Island presence No Bankruptcy date 02/14/2017 Bankruptcy outcome Liquidated Assets $50 million to $100 million Liabilities $50 million to $100 million
Headquarters New York Chains Organic Avenue Ownership Weld North Company type Private equity Operating status Closed all stores Long Island presence No Bankruptcy date 10/15/2016 Bankruptcy outcome Liquidated Assets $1 million to $10 million Liabilities $1 million to $10 million
Headquarters California Chains PacSun Ownership Pacific Sunwear of California Inc. Company type Public Operating status Operating; closed some stores Long Island presence No Bankruptcy date 04/07/2016 Bankruptcy outcome Sold Assets $50 million to $100 million Liabilities $100 million to $500 million
Headquarters Kansas Chains Payless Ownership Golden Gate Capital; Blum Capital Partners Company type Private equity Operating status Operating; closing some stores Long Island presence Yes Bankruptcy date 04/04/2017 Bankruptcy outcome Ongoing Assets $500 million to $1 billion Liabilities $1 billion to $10 billion
Headquarters California Chains Quiksilver Ownership Quiksilver Inc. Company type Public Operating status Operating; closed some stores Long Island presence Yes Bankruptcy date 09/09/2015 Bankruptcy outcome Sold Assets $100 million to $500 million Liabilities $500 million to $1 billion
Headquarters Texas Chains RadioShack Ownership Standard General Company type Hedge-fund owned Operating status Operating; closed some stores Long Island presence Yes Bankruptcy date 03/08/2017 Bankruptcy outcome Ongoing Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters New York Chains Ruum American Kid's Wear Ownership Ezrani 2 Corp. Company type Privately owned Operating status Closed all stores Long Island presence Yes Bankruptcy date 06/18/2015 Bankruptcy outcome Liquidated Assets $100,000 to $500,000 Liabilities $50 million to $100 million
Headquarters California Chains Shasa Ownership Shasa USA, LLC Company type Privately owned Operating status Closed some stores Long Island presence No Bankruptcy date 02/04/2015 Bankruptcy outcome Liquidated Assets $10 million to $50 million Liabilities $10 million to $50 million
Headquarters Alabama Chains Simply Fashion and Dots Ownership Simply Fashion Stores Ltd Company type Privately owned Operating status Closed all stores Long Island presence No Bankruptcy date 04/16/2016 Bankruptcy outcome Liquidated Assets $10 million to $50 million Liabilities $10 million to $50 million
Headquarters Colorado Chains Sports Authority Ownership Leonard Green & Partners Company type Private equity Operating status Closed all stores Long Island presence Yes Bankruptcy date 03/02/2016 Bankruptcy outcome Liquidated Assets $1 billion to $10 billion Liabilities $1 billion to $10 billion
Headquarters Ohio Chains The Limited Ownership Sun Capital Partners Company type Private equity Operating status Closed all stores Long Island presence Yes Bankruptcy date 01/17/2017 Bankruptcy outcome Liquidated Assets $10 million to $50 million Liabilities $100 million to $500 million
Headquarters Missouri Chains Total Hockey Ownership Total Hockey Inc. Company type Privately owned Operating status Operating Long Island presence No Bankruptcy date 07/06/2016 Bankruptcy outcome Sold Assets $10 million to $50 million Liabilities $50 million to $100 million
Headquarters Virginia Chains USA Living; Fletcher?s Jewelers Ownership USA Discounters, Ltd. Company type Privately owned Operating status Closed all stores Long Island presence No Bankruptcy date 08/24/2015 Bankruptcy outcome Liquidated Assets $100 million to $500 million Liabilities $100 million to $500 million
Headquarters North Dakota Chains Vanity Ownership Vanity Shop of Grand Forks, Inc. Company type Privately owned Operating status Closed all stores Long Island presence No Bankruptcy date 03/01/2017 Bankruptcy outcome Liquidated Assets $50,000 to $100,000 Liabilities $10 million to $50 million
Headquarters California Chains Wet Seal Ownership Versa Capital Management Company type Private equity Operating status Closed all stores Long Island presence Yes Bankruptcy date 02/02/2017 Bankruptcy outcome Sold Assets $10 million to $50 million Liabilities $50 million to $100 million

Please choose a filter above to display results or

DISPLAY ALL

No results for your selection

RESET
BACK TO TOP

Comments

Newsday.com now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.