The Weinstein Company
The public finally heard about the allegations of sexual misconduct done by the company’s co-founder Harvey Weinstein in October 2017 because of an article published by the New Yorker. The film executive was accused by a number of women, including actresses Ashley Judd and Rose McGowan. In March 2018, The Weinstein Company filed for bankruptcy. It did find a buyer in May 2018, the Lantern Capital Partners, a private-equity firm based in Dallas. The New York Times reports that Lantern gave $310 million plus the assumption of a $115 million debt. The firm doesn’t have any experience in Hollywood but its portfolio includes a zinc recycling company as well as auto dealerships.
Weinstein
Macy’s
Normally when Macy’s announces store closings, it comes after the holiday season rush, but this year they have already announced that a handful of stores will be closing. Twelve locations shut down in 2018 and so far in 2019 more than four locations are closing its doors. While Macy’s, in general, is still making decent money, they need to be cautious about where they’re spending. Because of this, they are starting to close stores that simply aren’t bringing in enough profit.
Macy’s
