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COVID-19 and Wildfires Test Mettle of California Wineries

COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...

Iconic Loeb Boathouse Makes Layoffs Permanent, Shutters Until Spring 2021

The Loeb Boathouse, an iconic restaurant in New York City's Central Park, notified the New York Department of Labor on September 8...

Effects of COVID-19 Recession on Tourism

From airlines to hotels to cruises, tourism businesses have faced unprecedented distress due to the COVID-19 pandemic. Global travel...

PE Firms See 100 Fewer Distressed Assets in Q3 than Q2

The U.S. economy continues to suffer from the COVID-19 pandemic. But as bankruptcies and defaults continue to pile up, private equity firms...

Regal Suspends All U.S. Movie Theater Operations due to Pandemic

On October 5, Regal Entertainment Group owner Cineworld Group plc announced the suspension of its U.S. movie theater operations.

U.S. Universities, Colleges Face Crisis amid COVID-19

Higher education institutions began 2020 under financial pressure nationwide, due to declining enrollments and shrinking support from state governments. But in spring, the...

P.F. Chang’s Announces New and Continued Layoffs in Ongoing COVID-19 Response

The restaurant industry has been one of the hardest hit by COVID-19. Restaurants like P.F. Chang's China Bistro, Inc., already struggling before...

Revlon Considers New Options to Remain Solvent After Distressed Bond Exchange Fails

The first sign that Revlon, Inc. (NYSE: REV) was becoming a distressed asset occurred in May. A loan...

COVID-19 Drives Down New Car Sales, Used Car Sales Up

The COVID-19 pandemic has significantly impacted consumers’ behaviors and reduced demand for products and services to date in 2020. Automakers have been...

Distressed Airline Industry Faces Furloughs as PPP Nears its End

Many industries have been impacted by the COVID-19 pandemic, but maybe none so much as the travel industry. The airline industry has...

Recent Articles

New High Yield Bond Ratings October 12 – October 16, 2020

At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16,...

New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...
Wells Fargo Coronavirus Relief

Wells Fargo Fires Over 100 Employees for Coronavirus Relief Fraud

Wells Fargo (WFC) fired over 100 employees for allegedly defrauding a coronavirus relief program from the U.S. Small Business Administration (SBA).
electric car

BlackRock Invests in UK Electric Vehicle Startup, Arrival

US funds manager BlackRock Inc. has invested $118 million in electric vehicle startup Arrival Ltd. The investment is the most Arrival has...

COVID-19 and Wildfires Test Mettle of California Wineries

COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...

Most Popular

View of a tall office building

Nordic Capital Raises Latest Private Equity Fund with €5 Billion Target

Nordica Capital is raising its tenth private equity fund with a €5 billion target, according to pension fund documents from the Massachusetts...
Photo of a greenhouse

Partners Group Nears €1 billion Deal to Acquire Rovensa from Bridgepoint

Partners Group Holding AG (PGHN.SW), has acquired a majority stake in agricultural crop protection and nutrition business Rovensa from Bridgepoint. This deal...
Crowdfunding Seedrs Crowdcube

Equity Crowdfunding Platforms Crowdcube and Seedrs Agree to Merge

Crowdcube Capital Ltd (Crowdcube) and Seedrs Limited (Seedrs), two of the leading equity crowdfunding platforms in the UK, announced that they have...

Private Equity Firms Raise $8.52 Billion in June

In the month of June, private equity firms raised approximately $8.52 billion, according to data tracked by The Buttonwood Tree.

SK Capital adds Specialty Polymers Business to Portfolio

SK Capital Partners, LP, today announced it has signed an agreement to acquire the specialty polymers business from Baker Hughes. Subsequently, the...