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Destination Maternity Corporation   https://cases.primeclerk.com/DestinationMaternity/Home-DocketInfo

Case No. 19-12256  06/29/2020

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https://www.otcmarkets.com/filing/html?id=13913878&guid=9wgFUndooxhdlyh

     CUSIP NO.  25065D100                   13G                   Page 4 of 8 Pages ----------------------------------------------------------------------------- Item 1.      (a) Name of Issuer          Destination Maternity Corporation       (b) Address of Issuer's Principal Executive Offices.            232 Strawbridge Drive, Moorestown, New Jersey 08057  Item 2.      (a) Name of Person Filing:            This Schedule 13G is being filed by Renaissance Technologies LLC           ("RTC") and Renaissance Technologies Holdings Corporation ("RTHC").        (b) Address of Principal Business Office or, if none, Residence.            The principal business address of the reporting persons is:                    800 Third Avenue                  New York, New York  10022        (c) Citizenship.           RTC is a Delaware limited liability company, and          RTHC is a Delaware corporation.       (d) Title of Class of Securities.           Common Stock, par value $0.01 per share       (e) CUSIP Number.           25065D100

 

The Super Tiny Float is mere 9,427,195 shares!
The Super Tiny OS is mere 14,226,121 shares!
The Super Tiny AS is mere 20,000,000 shares!
Huge Insider's Ownership: 34% of Entire OS!

The nation’s largest retailer of maternity wear has filed for Chapter 11 bankruptcy protection amid sagging sales, increased competition and changing customer tastes. 

Destination Maternity listed $260.2 million in assets and $240 million in debts in its filing with the U.S. Bankruptcy Court in Delaware.
The company, which in August announced it was reviewing strategic alternatives,
including a possible sale, said the process has “already yielded indications of interest from several credible bidders.”  

To fund its operations during the Chapter 11 process, Destination Maternity obtained consent to use cash collateral from all of its prepetition secured lenders.
In connection with the agreement, binding bids for the company must be submitted by December 5, 2019, with an auction to be held on December 9, 2019.
The bankruptcy court must approve the sale by December 12, 2019. 

Destination Maternity said it intends to use the Chapter 11 process to optimize operations, including right-sizing its brick-and-mortar store footprint.  

“In a challenging retail environment, we have had to make some very tough choices, but we are confident that the steps taken today provide an opportunity
to continue a marketing process that provides the most efficient means of maximizing value to our stakeholders,” said Lisa Gavales, chair of the Office of the CEO,
which was created in June to oversee the chain during its search for a CEO.
“Throughout this process we will be focused on developing the promising interest already shown by potential bidders, and maintaining operational momentum toward a stronger business.”

As of August 3, 2019, Destination Maternity operated 446 stores in the U.S., Canada and Puerto Rico under three banners: Motherhood Maternity,
A Pea in the Pod and Destination Maternity, along with 491 leased departments in department stores and baby specialty stores throughout the U.S. and Canada.
It also operates international stores via franchising.  Net sales for the first six months of fiscal 2019 decreased 10.3% to $179.1 million.  
It reported a net loss of $14.3 million in fiscal 2018. 
Kirkland & Ellis LLP is acting as the company’s legal counsel, Greenhill & Co is acting as investment
banker and Berkeley Research Group is serving as Destination Maternity’s restructuring advisor. BRG’s Robert J. Duffy has been appointed as the company’s chief restructuring officer.



Nov. 30, 2019 8:04 pm ET
Bankrupt retailer Destination Maternity Corp. will shut down its remaining 235 retail stores under a deal
that would see a licensing firm buy the company’s brand name and other assets for $50 million.

A licensing platform backed by Neuberger Berman Group LLC has agreed to acquire the e-commerce business,
brand name and intellectual property of bankrupt retailer, according to a filing in U.S. Bankruptcy Court in Wilmington, Del.




Destination Maternity Corporation

Case No. 19-12256

 

 

Affidavit/Declaration of Mailing of Andrew G. Vignali Regarding Second Interim Fee Application of Landis Rath & Cobb LLP and Notie of Hearing!. Filed by Prime Clerk LLC. (related document(s)888, 890)

Attachments:
Related: 890email
06/27/2020
909

Application for Compensation (Seventh) of Landis Rath & Cobb LLP for the period May 1, 2020 to May 31, 2020 Filed by Destination Maternity Corporation. Objections due by 7/17/2020. (Attachments: # 1 Notice # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Certification of Kerri K. Mumford)

Attachments:
Related:email
06/26/2020
908

Motion for Payment of Administrative Expenses/Claims Filed by Invata, Inc.. Hearing scheduled for 7/22/2020 at 10:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/13/2020. (Attachments: # 1 Exhibit 1 # 2 Exhibit 2 # 3 Exhibit 3, Order)

Attachments: 123
Related:email
06/26/2020
907

Motion to Appear pro hac vice OF WILLIAM M. BUCHANAN. Receipt Number 3020943, Filed by Invata, Inc..

Attachments:
Related:email
06/26/2020
906

Motion to Appear pro hac vice OF GILDA M. ARROYO. Receipt Number 3020943, Filed by Invata, Inc..

Attachments:
Related:email
06/26/2020
905

Affidavit/Declaration of Mailing of Andrew G. Vignali Regarding Twenty-Seventh Notice of Rejection of Certain Executory Contracts and/or Unexpired Leases and Fifth Monthly Fee Statement of Kirkland & Ellis LLP and Kirkland & Ellis International LLP for Allowance of an Administrative Claim for Compensation and Reimbursement of Expenses Incurred from March 1, 2020 through April 30, 2020!. Filed by Prime Clerk LLC. (related document(s)896, 897)

Attachments:
Related: 896email
06/25/2020
904

Notice of Appearance. Filed by Invata, Inc..

Attachments:
Related:email
06/25/2020
903

Affidavit/Declaration of Mailing of Jamie B. Herszaft Regarding Order Approving the Rejection of Contracts and Unexpired Leases and Abandonment of Property in Connection Therewith. Filed by Prime Clerk LLC. (related document(s)891)

Attachments:
Related: 891email
06/25/2020
902

Objection of Delta Galil USA Inc. to Motion of the Debtors for Entry of an Order (I) Approving the Settlements Between the Debtors and Certain 503(b)(9) Claimants and (II) Authorizing the Debtors to Distribute the Trade Claim Reserve (related document(s)878, 879) Filed by Delta Galil USA Inc. (Attachments: # 1 Certificate of Service)

Attachments: 1
Related: 879email
06/25/2020
901

Application for Compensation (Second Interim) of Kirkland & Ellis LLP and Kirkland & Ellis International LLP for the period February 1, 2020 to April 30, 2020 (related document(s)780, 897) Filed by Destination Maternity Corporation. Hearing scheduled for 7/22/2020 at 10:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/15/2020. (Attachments: # 1 Notice # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Exhibit D # 6 Exhibit E # 7 Exhibit F # 8 Exhibit G)

Attachments:
Related:email
06/24/2020
900

Interim Application for Compensation / Second Interim Fee Application of Cole Schotz P.C., Delaware and Conflicts Counsel to the Official Committee of Unsecured Creditors, for Allowance of Compensation and Reimbursement of Expenses for the period from February 1, 2020 to April 30, 2020 Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS. Hearing scheduled for 7/22/2020 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/14/2020. (Attachments: # 1 Notice)

Attachments: 1
Related:email
06/23/2020
899

Interim Application for Compensation / Second Interim Fee Application for Compensation and Reimbursement of Expenses of Province, Inc., as Financial Advisor to the Official Committee of Unsecured Creditors, for Allowance of Compensation and Reimbursement of Expenses for the period from February 1, 2020 to April 30, 2020 Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS. Hearing scheduled for 7/22/2020 at 10:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 7/14/2020. (Attachments: # 1 Exhibit A # 2 Notice)

Attachments: 12
Related:email
06/23/2020
898

Certificate of No Objection - No Order Required Regarding Third Monthly Application for Compensation and Reimbursement of Expenses of Province, Inc., as Financial Advisor to the Official Committee of Unsecured Creditors, for the period February 1, 2020 through February 29, 2020 (related document(s)774) Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS.

Attachments:
Related: 774email
06/23/2020
897

Application for Compensation (Fifth Monthly) of Kirkland & Ellis LLP and Kirkland & Ellis International LLP for the period March 1, 2020 to April 30, 2020 Filed by Destination Maternity Corporation. Objections due by 7/13/2020. (Attachments: # 1 Notice # 2 Exhibit A # 3 Exhibit B # 4 Exhibit C # 5 Verification of Christopher T. Greco, P.C.) (Cree, Jennifer) (Entered: 06/22/2020)

Attachments:
Related:email
06/22/2020
896

Notice of Rejection of Lease/Executory Contract (Twenty-Seventh Notice of Rejection of Certain Executory Contracts and/or Unexpired Leases) (related document(s)23, 285). Filed by Destination Maternity Corporation.

Attachments:
Related: 23285email
06/22/2020
895

Certificate of No Objection - No Order Required Regarding Sixth Monthly Application of Landis Rath & Cobb LLP for the period April 1, 2020 to April 30, 2020 (related document(s)861) Filed by Destination Maternity Corporation.

Attachments:
Related:email
06/22/2020
894

Certificate of No Objection - No Order Required Regarding Fifth Monthly Fee Application of Cole Schotz P.C., Delaware and Conflicts Counsel to the Official Committee of Unsecured Creditors, for Allowance of Compensation and Reimbursement of Expenses for the period from April 1, 2020 through April 30, 2020 (related document(s)856) Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS.

Attachments:
Related: 856email
06/22/2020
893

Certificate of No Objection - No Order Required Regarding Combined Fifth Monthly and Second Interim Application of Cooley LLP, Lead Counsel to the Official Committee of Unsecured Creditors of Destination Maternity Corporation, et al. for Compensation and Reimbursement of Expenses for the (I) Monthly Period of April 1, 2020 Through April 30, 2020 and (II) Interim for the period of February 1, 2020 to April 30, 2020 (related document(s)855) Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS.

Attachments:
Related: 855email
06/22/2020
892

Certificate of No Objection - No Order Required Regarding Fifth Monthly Application for Compensation and Reimbursement of Expenses of Province, Inc., as Financial Advisor to the Official Committee of Unsecured Creditors, for the period from April 1, 2020 through April 30, 2020 (related document(s)854) Filed by OFFICIAL COMMITTEE OF UNSECURED CREDITORS.

Attachments:
Related: 854email
06/22/2020
891

Order Approving Twenty-Fifth Notice of Rejection of Certain Executory Contracts and/or Unexpired Leases (related document(s)285, 852, 889) Order Signed on 6/18/2020. (Attachments: # 1 Exhibit A)

Attachments: 1
Related: 285852889




https://www.otcmarkets.com/stock/DESTQ/disclosure

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https://www.otcmarkets.com/stock/DESTQ/quote

https://www.otcmarkets.com/stock/DESTQ/overview
 


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PostSubject
#1169  Sticky Note Imho, the end result for DESTQ common shareholders chemist72 09/20/20 01:09:11 PM
#885  Sticky Note Are you family with the SHLDQ case? Without Value_Investor 05/01/20 04:54:43 PM
#1176   Most likely DESTQ will emerge from current CH11-REORGANIZATION Value_Investor 09/21/20 02:19:30 PM
#1175   Very smart to set a limit for yourself. chemist72 09/21/20 12:16:34 PM
#1174   I already have reached my personal limit in propert 09/21/20 12:03:07 PM
#1173   Great message thanks for your opinion pennystock_es 09/21/20 03:14:47 AM
#1172   Unfortunately there are no assurances in bankruptcy proceedings. chemist72 09/20/20 10:16:07 PM
#1171   That's an interesting scenario. Would this be a propert 09/20/20 09:00:43 PM
#1170   Chemist72, Thank you so much for the insight....I've been zeusman93 09/20/20 02:30:26 PM
#1169   Imho, the end result for DESTQ common shareholders chemist72 09/20/20 01:09:11 PM
#1168   Value investor, zeusman93 09/19/20 02:04:02 AM
#1167   Good News for the parent company! Hopefully Marquee Value_Investor 09/18/20 03:41:38 PM
#1166   Just a reminder. Current POR deadline: 11/16/20 chemist72 09/18/20 12:00:57 PM
#1165   New Omnibus hearing scheduled for 10/28/20. chemist72 09/18/20 11:35:11 AM
#1164   Good find. Thanks! chemist72 09/18/20 11:33:24 AM
#1163   Marquee Brands appoints CEO pennystock_es 09/15/20 05:21:11 PM
#1162   They could do either way once they keep Value_Investor 09/15/20 01:01:08 PM
#1161   Value investor, zeusman93 09/15/20 08:51:24 AM
#1160   Welcome to the board! Of course the company Value_Investor 09/13/20 03:32:44 PM
#1159   One additional question....with a reverse merger, it is zeusman93 09/13/20 04:24:59 AM
#1158   My fellow investors, zeusman93 09/13/20 04:21:31 AM
#1157   Destination Maternit (DESTQ) mick 09/11/20 04:54:47 PM
#1156   DESTQ is Up 5.24% today! As you can Value_Investor 09/11/20 04:28:49 PM
#1155   $DESTQ mick 09/09/20 03:03:55 PM
#1154   $DESTQ mick 09/09/20 03:03:55 PM
#1153   Destination Maternit (DESTQ) mick 09/09/20 02:49:24 PM
#1152   DESTQ just bounced up to 0.0213! Why someone Value_Investor 09/09/20 02:47:43 PM
#1151   Destination Maternit (DESTQ) mick 09/07/20 11:22:28 PM
#1150   Sometimes it's good to remind ourselves that this propert 09/06/20 11:22:00 PM
#1149   DESTQ has already formed a Higher New basement Value_Investor 09/06/20 08:47:49 PM
#1148   Destination Maternit (DESTQ) mick 09/05/20 04:29:19 PM
#1147   DESTQ is at Hyper Oversold status --- from Value_Investor 09/04/20 04:29:37 PM
#1146   Latest Monthly report out. See Docket 969. chemist72 09/03/20 02:35:14 PM
#1145   DESTQ has only mere 9M shares of Super Value_Investor 09/03/20 02:24:22 PM
#1144   DESTQ is Super Undervalued now based on its Value_Investor 09/02/20 01:28:40 PM
#1143   IF DESTQ continues as an online retailer, its chemist72 09/01/20 11:30:12 AM
#1142   Great, thanks for your excellent DD!! Mr. Bill 08/30/20 02:32:27 PM
#1141   I'm expecting the higher Cash Value in the Value_Investor 08/30/20 02:27:36 PM
#1140   Of course all the common shareholders are included Value_Investor 08/28/20 04:30:30 PM
#1139   DESTQ currently has over $0.4271 per share Giant Value_Investor 08/26/20 08:01:20 PM
#1138   This has a unique structure, it is a pennystock_es 08/26/20 12:10:10 PM
#1137   Right around October 2019 the company issued a propert 08/25/20 10:55:27 AM
#1136   Today is an nice day to grab those Value_Investor 08/24/20 01:26:40 PM
#1135   DESTQ needs Strong Slapping actions in order to Value_Investor 08/22/20 06:33:16 PM
#1134   DESTQ seems to be holding well around $.02 - chemist72 08/22/20 09:19:51 AM
#1133   Next step is can we crack a 1,000,000 propert 08/21/20 07:28:19 PM
#1132   20K-0.019 x 21K-0.024 now. The next two asks Value_Investor 08/21/20 03:30:31 PM
#1131   Still holding the vast majority of my shares. chemist72 08/20/20 12:50:14 PM
#1130   Agreed - someone was loading up!!! Mr. Bill 08/20/20 12:25:14 PM
#1129   That is an Huge Buying Interest for DESTQ Value_Investor 08/20/20 12:24:08 PM
#1128   Good News for DESTQ! Totally 4,798,926 shares (i.e. Value_Investor 08/19/20 11:25:42 AM
#1127   Welcome to the room. The Plan of Reorganization propert 08/19/20 10:32:31 AM
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