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PacSun Emerges From BK

The U.S. Bankruptcy Court for the District of Delaware confirmed Pacific Sunwear of California Inc.’s restructuring plan Tuesday, a move that enabled the retail chain to emerge from bankruptcy under ownership of lender Golden Gate Capital.

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PacSun BK Auction Canceled

The bankruptcy auction for assets of Pacific Sunwear of California Inc. in Anaheim has been canceled, with San Francisco-based private equity firm Golden Gate Capital now set to acquire all of the retailer’s assets.

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PacSun CFO Departs

Pacific Sunwear of California Inc. named Ernie Sibal its chief financial officer after Chris Tedford resigned “to pursue other endeavors.”

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PacSun to File for Bankruptcy

Pacific Sunwear of California Inc. is preparing to file for bankruptcy next week, according to news reports.

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PacSun Hires Restructuring Specialist

Pacific Sunwear of California Inc. has hired Washington, D.C.-based restructuring firm FTI Consulting Inc. and investment bank Guggenheim Securities in New York to deal with $160 million in debt payable at the end of this year, according to The Wall Street Journal.

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PacSun Reports Loss

Shares of Pacific Sunwear of California Inc. were down in midday trading as it reported a loss for its most recent quarter.

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PacSun Misses on Revenue, Earnings

Shares of Pacific Sunwear of California Inc. were down 43% in midday trading Wednesday, to 34 cents and a $24 million market cap, as the Anaheim-based action sports retailer reported lower-than-expected revenue and a higher-than-expected loss for its August quarter.

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PacSun Shares Down on Q1 Numbers

Shares of Pacific Sunwear of California Inc. were down about 11% in Friday trading to a $110 million market cap as the Anaheim-based apparel retailer reported lower-than-expected revenue for the first quarter of fiscal 2015.

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PacSun Shares Up as Turnaround Continues

Investors sent shares of Anaheim-based Pacific Sunwear of California Inc. up on Wednesday, a day after the retailer reported continued improvement in its business.

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PacSun Shares Jump as Turnaround Continues

Investors sent shares of Anaheim-based Pacific Sunwear of California Inc. up in extended trading Tuesday after the retailer reported continued improvement in its business.

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