Golden Gate Capital Corp. has taken a 9.5 percent stake in Ann Inc., the owner of the Ann Taylor clothing brand, according to a regulatory filing, making it the largest shareholder in the women’s apparel retailer.
Creditors SAC Capital Advisors LP and Z Capital Partners LLC are poised to take control of Golden Gate Capital Corp.’s Neways in a restructuring that would allow it to avoid bankruptcy, said people with knowledge of the talks.
San Francisco’s Golden Gate Bridge, site of countless tourist photos and at least 1,600 suicides since opening in 1937, is likely to get nets this year to prevent people from leaping to their deaths, a spokeswoman said.
Golden Gate Capital Corp.’s Orchard Brands, the clothing retailer aimed at people 55 and older, may file for bankruptcy as soon as this week, according to three people with knowledge of the plans, imperiling the holders of more than $700 million of the company’s debt.
Golden Gate Capital Corp., a private equity firm, agreed to sell a majority stake in the J. Jill clothing business to Arcapita Bank BSC, a Bahrain-based investment bank, less than two years after buying the company.