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Godiva to Close all North American Stores in March 2021

Godiva will close all 128 of its stores in the United States and Canada by the end of March 2021. Decreased demand...
Distressed Assets

Distressed Asset Report: February 2021

While the Consumer Discretionary sector continues to face turmoil, most private equity portfolio companies appear to have cleared the worst the pandemic...

Distressed Steak ‘N Shake Narrowly Avoids Bankruptcy

Like many other restaurants, Steak 'n Shake became a distressed dining facility due to COVID-19. But similar to the brands that have...

Bleak Outlook Continues for Distressed Hotel Industry amid COVID

The leisure and hotel sectors continue to be among the industries most affected by the raging COVID-19 pandemic. Social-distancing requirements, travel restrictions,...
Distressed Assets

Distressed Asset Report: January 2021

As the calendar changes and COVID continues its assault on the overall economy, private equity firms must manage their distressed portfolio companies.

AMC Successfully Avoids Bankruptcy with New Funding

AMC Entertainment was granted a new lifeline after months of bankruptcy projections. The company announced on Jan. 25 that it has raised...

Dim Outlook for Sears, Kmart in Changing Retail Space

COVID-19 forced many retailers in 2020 to close stores, file for bankruptcy, or both. While Sears and Kmart, both of which had...

PE Firms See Fewest Distressed Assets of 2020 During Q4

The U.S. economy continued to show signs of a late-year recovery. After greatly suffering in the spring from the initial shock of...

CA Restaurateurs Fear Second Shutdown Poses Serious Risk

California began its second shutdown of on-site dining at restaurants on December 6, 2020. Restaurant owners, frustrated by the decision, said it...

San Fran’s Cliff House, After Surviving Many Disasters, to Close this Year

After 157 years and a storied history, San Francisco's Cliff House restaurant will permanently close on December 31, 2020. Like its brethren...

Recent Articles

New High Yield Bond Ratings: April 12 – 16, 2021

At least 19 companies received a revision on high yield bond ratings during the week of April 12-16, 2021. These revisions caused...

New Chapter 11 Filings, Disclosures: April 12 – April 16, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of April...

ViacomCBS Networks International Agrees to Acquire Chilevisión

On Monday April 5, ViacomCBS Inc. (NASDAQ: VIAC, VIACA) announced that it had agreed to acquire Chilevisión from WarnerMedia. WarnerMedia is a...

Carnival Reports $2 Billion Quarterly Loss

Carnival reports $2 billion quarterly loss. This is due to COVID-19 pandemic restrictions on the cruising industry, which has decimated Carnival and...

New High Yield Bond Ratings: April 5 – 9, 2021

At least 35 companies received a revision on high yield bond ratings during the week of April 5-9, 2021. These revisions caused...

Most Popular

New High Yield Bond Ratings September 07 – September 11, 2020

At least seven companies received downgrades or revisions on high yield bond ratings during the week of September 07 – September 11,...
biotech

Venture Capital Funding in Biotech – Getting through the Pandemic

The biotech industry, in general, has faced hardships for as long as can be remembered. But the past five years seemed to be the years of growth. That said, we can decipher that 2020 is the turning point for the industry.

U.S. Treasury, Other Government Agencies Update Software After Data Breaches

SolarWinds released a new software update after suffering cyber breaches from foreign hackers. The Texas-based software provider is cooperating with law enfocement...

Lord & Taylor Files for Bankruptcy, Announces Store Closures

Lord & Taylor, founded in 1826, is one of America’s oldest department stores. This month, it became another casualty of the coronavirus outbreak....

New Chapter 11 Filings, Disclosures: September 28 – October 2, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy or defaulted on loans during the week of September 28...