Incapta Inc
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Communication Services : Entertainment |
Company profile

InCapta, Inc. is a media holding company. The Company is focused on the radio, television, movie production and television productions to use on online Cloud television and radio. It is developing its online movie channel, a 24 hour a day streaming Internet television station, and its online news and video news bureau in association with Leading Edge Radio Network and Mancuso Martin Productions. The Company operates two cloud television networks: World Drone Recreation Aviators and Leading Edge Radio Network. Its network develops its own channel content. It is also involved in pre-production of two full-length movies; developing a weekly half hour television show; and producing radio talk show with LeadingEdgeRadio.com.

Closing Price
$0.0001
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.0002
Day's Low
0.0001
Volume
(Light)
Volume:
5,520,151

10-day average volume:
26,185,466
5,520,151

Men's Wearhouse, Jos. A. Banks parent Tailored Brands files for bankruptcy: report

10:59 pm ET August 2, 2020 (MarketWatch)
Print

Menswear retailer Tailored Brands Inc. (TLRD) , the parent company of Men's Wearhouse and Jos. A. Banks, filed for Chapter 11 bankruptcy protection Sunday, the Wall Street Journal reported (https://www.wsj.com/articles/mens-wearhouse-parent-files-for-bankruptcy-11596420155). The clothier has been hit hard by pandemic-related store shutdowns, reporting last month that first-quarter sales were down 60% (http://www.marketwatch.com/story/tailored-brands-stock-rallies-after-q1-update-sales-down-60-2020-06-10). Since July 1, Tailored Brands has missed missed interest payments (http://www.marketwatch.com/story/tailored-brand-misses-interest-payment-on-bonds-2020-07-01) on bonds, slashed its corporate workforce (http://www.marketwatch.com/story/mens-wearhouse-parent-tailored-brands-to-cut-corporate-workforce-by-20-close-up-to-500-stores-2020-07-21) by 20%, announced plans to close up to 500 stores and was notified that it will be delisted (http://www.marketwatch.com/story/mens-wearhouses-tailored-brands-gets-nyse-delisting-notice-2020-07-24) by the New York Stock Exchange. The company operated more than 1,400 stores in the U.S. and Canada as of Feb. 1, and employed more than 1,900 people. Earlier in the day, fellow troubled retailer Lord & Taylor also filed for bankruptcy (http://www.marketwatch.com/story/department-store-chain-lord-taylor-files-for-bankruptcy-2020-08-02).

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 02, 2020 22:59 ET (02:59 GMT)

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