Deadlines for the completion of an auction for Alliance, Diamond, and other assets in the Chapter 11 bankruptcy are coming up soon, one of several takeaways from the DIP financing order.
There's more news on the Diamond (and Alliance) Chapter 11 filing, including the end of Diamond's distribution of Image Comics, and the advisors hired to assist with the process.
The bankruptcy petition filed by Diamond Comic Distributors lists 30 unsecured creditors, with Penguin Random House the largest creditor and Bandai and NECA the next two.
Universal Bids for Alliance, Will Acquire Diamond UK
January 14, 2025
Diamond Comic Distributors has filed for reorganization under Chapter 11 bankruptcy; Universal Distribution has agreed to acquire Diamond UK and has submitted a stalking horse bid for Alliance Game Distributors.
9-Inch Snowfall in Mississippi Adds to Challenges After Plattsburgh Closure
January 10, 2025
Still adjusting to the closure of its Plattsburgh distribution center, Diamond was hit with nine inches of snow at its Mississippi distribution center.