Tag Archives: Lender

Wet Seal In Default On Loans, Closes Stores and Fires Employees

Wet Seal gets (very little) breathing room from lenders, but trouble ahead. It has been tough for clothing retailers as dEliA*s and Deb Stores recently filed for bankruptcy. Is Wet Seal next? Today they announced that the Company was closing … Continue reading

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Zynga Downsizing Includes Its Credit Facility

As Zynga downsizes its workforce and operations, it also downsizes its credit facility with Morgan Stanley, Goldman Sachs and JPMorgan. As Zynga has faced some problems in its business, it had to make some changes, including “substantial cost reductions, including … Continue reading

Posted in Business Strategy, Creditor/Debtor | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment