As far as bankruptcies go, it’s been a pretty ho-hum week.
Of course, there was the news this week that the private equity firm Versa Capital was interested in acquiring Aeropostale.
Rumors of the bid suggest that it could consist of a cash payment for Aeropostale’s inventory, as well as Versa taking over about 500 existing store leases.
Versa also reportedly plans to keep most of the existing Aeropostale employees, both at the store and corporate levels.
But that is far from the only news in bankruptcy for the week.
Abengoa SA, a renewable energy company based out of a Madrid, Spain, has said that it has agreed to a restructuring deal to avoid becoming Spain’s “largest-ever bankruptcy,” according to the Wall Street Journal.
European investors have agreed to invest the equivalent of about $1.31 billion in the company to keep it afloat.
Last Call Guarantor LLC, a Dallas, Texas-based restaurant chain, became the fourth national restaurant business to file for bankruptcy this year, according to the Texas radio station WFAA.
Last Call, which operates 48 Fox & Hound restaurants, 23 Champps locations and nine Bailey’s Sports Grille units in 25 states, filed for Chapter 11 bankruptcy protection on Wednesday (Aug. 10) after claiming that it had between $100 million and $500 million in debt. The company said it had about $10 million to $50 million worth of assets.
CNN Money reports that a bankruptcy filing is also “imminent” for the startup company known as Skully, which markets “augmented reality” motorcycle helmets.
After raising nearly $2.5 million on the Indiegogo crowd sourcing website, Skully announced this week plans to file for Chapter 7 Bankruptcy fairly soon (like in the next few weeks).
“We realize there are many unanswered questions and that this is a very upsetting situation,” Skully said in a statement released Aug. 5. “We are truly sorry.”