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Belk Reportedly Close to Bankruptcy, Restructuring

Plan would offer lenders a financial stake in company




Department store retailer Belk (Charlotte, N.C.) is reportedly close to filing bankruptcy protection under a plan that would offer lenders a financial stake in the company, reports Bloomberg.

Last week, according to a Wall Street Journal report, Belk was nearing a deal that would allow it to avoid bankruptcy. According to the Bloomberg report, terms are not final and are still subject to change.



Embracing Whole-Brained Thinking in the Design Journey

Strategy needs creative, and creative needs strategy—yep, having both is really the only way of unifying all disciplines with a common vernacular with an eye toward building a strong creative vision that is foundational to the processes. Hear from Bevan Bloemendaal, former VP, Global Environments & Creative Services at Timberland, how to connect the dots between disciplines, claiming and creating a clear differentiation for the brand and ensuring that any asset (experience, product, ad, store, office, home, video, game) is created with intention.

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