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Neiman Marcus Group has started Chapter 11 bankruptcy proceedings, but whether the luxury retailer will be able to follow through on its plan to emerge in the fall is unknown.Â
Christina Boni, Moody’s Investors Service’s senior credit officer, said th…
Read MoreNeiman Marcus Group Inc. and 23 affiliated debtors have started Chapter 11 bankruptcy proceedings.
Dallas-based Neiman Marcus Group, which listed its liabilities between more than $1 billion and less than $10 billion in a court filing, has entered int…
Read MoreA couple of weeks ago, Original ChopShop and Bellagreen CEO Jason Morgan said he had to temporarily close a total of five restaurant locations.
Originally, Morgan said he had to close four Bellagreen locations and one Original ChopShop location. Now,…
Read MoreFurloughs, corporate layoffs and a 99 percent decline in sales. Eatertainment concepts that hinge on the success of both dining and diners’ experience may experience the most challenges in returning to normal operations after the coronavirus outbreak.
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Veritex Community Bank has already hired three new lenders since late September, and heading into 2020, the Dallas-based bank is looking to add more employees.
CEO Malcolm Holland said during Veritex’s recent fourth-quarter earnings call that it is in…
Read MoreVeritex Community Bank Chairman, CEO and President Malcolm Holland discusses the bank’s growth in 2019 and what’s in store for 2020.
Read MoreFort Worth-based Southland Royalty Company LLC has filed for Chapter 11 bankruptcy protection.Â
The oil and gas company, backed by Houston-based EnCap Investments LP, owes about $540 million to a revolving credit facility, according to a bankruptcy co…
Read MoreTexas Capital Bancshares Inc. (Nasdaq: TCBI), parent company of Texas Capital Bank, has launched Bask Bank, a digital savings account that earns American Airlines AAdvantage miles instead of interest.Â
Bask Bank’s collaboration with American Airlines …
Read MoreFort Worth-based Pier 1 Imports Inc. released its quarterly earnings on Jan. 6 and announced plans to potentially close up to 450 store locations.
“To reflect the revised store footprint, the company also plans to close certain distribution centers an…
Read MoreFormer Texas Gov. Rick Perry has joined the board of LE GP LLC, the general partner of Dallas-based oil pipeline company Energy Transfer LP, a filing shows.
Perry’s compensation plan was not disclosed in the filing, but he’s eligible to receive cash a…
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