Pay less? The popular shoe retailer wished it could when it filed for Chapter 11 bankruptcy in 2016, but the bills had to be paid somehow, and so it had no choice. The impact of the bankruptcy process was huge and involved the loss of over six hundred Payless stores across the country, along with the jobs of thousands of staff who worked in them. It was painful, but it seemed to work. In August 2017 Payless emerged from bankruptcy, restructured and alive.
Commercial credit rating providers S&P still aren't impressed though. Despite the bankruptcy process being over, there's still a fear that Payless will default on its commercial obligations. There are still 3,500 Payless stores still open, which is a lot of resourcing to maintain if the company isn't making enough money to do it. New CEO Paul Jones is more bullish, recently stating that the balance sheet is strengthening and the remaining debts have been restructured.
Whether celebrities are looking to be in the spotlight or escape the paparazzi, there are some popular vacation destinations that always seem to be frequented by the stars. Celeb spotting is a favorite pastime of many travelers, and you might be able to snag a photo or even an autograph when you visit these top celebrity vacation spots around the world. Although the price tags may be a bit higher in these destinations than your average budget getaway, these are some of the best celebrity vacation spots that you can start saving up to visit and enjoy the trip of a lifetime.
One of the classiest celebrity vacation spots in Europe is Mallorca, Spain. It’s known as a spot to be posh more than a spot to party. Michael Douglas and Catherine Zeta Jones have a house here, and it’s been a favorite getaway for Gwenyth Paltrow. Some of the local favorites that boast the most celebrity sightings include the Wellies Restaurant and Bar, Puerto Portals, and Es Trenc Beach.
Saint Tropez is known for its amazing beaches and blissful landscapes. Celebrity couples like Beyoncé and Jay Z and David and Victoria Beckham have been spotted vacationing along these famous beaches. The Cote d’Azur seaport is a big draw for celebs here, as well as top beach clubs like Club 55.
Perhaps the most well-known celebrity that loves Lake Como is George Clooney. He has a villa with over a dozen rooms here so he can bring all his friends along to relax, get away, and party. Villa d’Este is another popular place celebrities choose to stay because of its attention to privacy. Just ask Arnold Schwarzenegger, Bette Midler, or Sylvester Stallone!
Sure, there are plenty of celebrities that call Sydney home year-around, but there are lots of others who like to visit for a surfing and sailing getaway. Sydney’s Bondi Beach has been a top vacation pick for Leonardo DiCaprio and Hugh Jackman, and some A-list accommodations are the InterContinental Hotel and the Park Hyatt in the Rocks.