Trans World Entertainment Corp. (TWMC) News
Filter TWMC News Items
TWMC News Results
| Date | Symbol | Company | Title | Start | End | Change | POWR Rating | ||
|---|---|---|---|---|---|---|---|---|---|
| Loading, please wait... | |||||||||
Latest TWMC News From Around the Web
Below are the latest news stories about Trans World Entertainment Corp that investors may wish to consider to help them evaluate TWMC as an investment opportunity.
Trans World Entertainment changes name to Kaspien HoldingsTrans World Entertainment (TWMC) is up ~6% in after-hours trading after it announced name change to “Kaspien Holdings Inc.” and new ticker “KSPN”.Company to begin trading under the ticker KSPN on the NASDAQ Capital Market, effective September 8, 2020.... |
Trans World Entertainment Corporation Announces New Financing, Board Changes and Company RefocusTrans World Entertainment (Nasdaq – TWMC, “TWEC” or the “Company”) announced today it has secured additional financing for its wholly owned subsidiary etailz, Inc. (“etailz”) from investors led by Alimco Financial Corporation (“Alimco”). Together with the previously announced credit facility, etailz now has over $30 million in committed new financing. In connection with the financing, Tom Simpson and Jonathan Marcus will join a reconstituted board of directors. |
Trans World closes $10 million FYE sale, turns attention to etailz“The sale of our FYE segment has put our stores and employees in the best position to continue forward and build upon an almost 50 year legacy,” said CEO Michael Feurer in a statement. |
Trans World Entertainment Corporation Announces Closing of the Sale of its FYE Segment and Entry into a Credit Facility for its etailz SegmentTrans World Entertainment (Nasdaq – TWMC, “TWEC” or the “Company”) announced today that it has closed the previously-announced sale of substantially all of the assets constituting its For Your Entertainment (“FYE”) segment to a subsidiary of Sunrise Records and Entertainment Ltd. (“Sunrise”), the parent of Sunrise Records in Canada and HMV Records in the United Kingdom, for $10 million in cash, subject to net inventory and other adjustments, plus the assumption of certain liabilities (the “Transaction”). The Transaction was unanimously approved by the Company’s board of directors on January 23, 2020, and was approved by more than two-thirds of the Company’s shareholders at a special shareholders meeting held on February 17, 2020. |
$10 million sale of the FYE retail chain approvedThe sale is the latest episode in the long decline of the Albany-based Trans World. Built from a single record store in Glens Falls in the early 1970s, it rose to $1 billion in sales at more than 1,100 stores. Then the internet came along. |
Trans World Entertainment Corporation Announces Shareholder Approval of the Sale of its FYE SegmentTrans World Entertainment (Nasdaq – TWMC, “TWEC” or the “Company”) announced today that at a special shareholders meeting held on February 17, 2020 more than two-thirds of the Company’s shareholders approved the previously-announced sale of substantially all of the assets constituting its For Your Entertainment (“FYE”) segment to a subsidiary of Sunrise Records and Entertainment Ltd. (“Sunrise”), the parent of Sunrise Records in Canada and HMV Records in the United Kingdom, for $10 million in cash, subject to a net inventory and other adjustments, plus the assumption of certain liabilities (the “Transaction”). The closing of the Transaction is subject to the satisfaction or waiver of customary closing conditions set forth in the purchase agreement, including the receipt of certain thir... |
Trans World Entertainment Corporation Announces Filing of Definitive Proxy Statement for Special Stockholders Meeting on Monday, February 17, 2020Trans World Entertainment (Nasdaq – TWMC, “TWEC” or the “Company”) a leading specialty retailer of entertainment and pop culture merchandise with stores in the United States and Puerto Rico, primarily under the name fye, for your entertainment, and on the web at www.fye.com and www.secondspin.com, announced today that it has filed with the U.S. Securities and Exchange Commission (“SEC”) its definitive proxy statement in connection with the Company's previously announced agreement to sell substantially all of the assets of the Company’s fye segment to a subsidiary of Sunrise Records and Entertainment Ltd. (the “Transaction”). The definitive proxy statement is available on the Investors section of the Company’s website, www.twec.com, as well as www.sec.gov, and, commencing on or about F... |
Trans World CEO's 'golden parachute' tops $1 millionTrans World's board of directors approved selling the FYE business for $10 million to Sunrise Records and Entertainment Ltd. of Canada, but the deal needs the approval of at least two-thirds of shareholders. |
Selling the FYE chain might not be enough to save Trans WorldTrans World's proposed $10 million sale of the FYE retail chain rests in part on a vote by its shareholders. They now face a choice of two options — and both may result in the end of the company. |
Company News for Jan 24, 2020Companies in the news are: AAL, HZO, CTXS, TWMC |