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DISTRESS
November 23 – November 27, 2020
At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans…
Independent Bookstores Fight to Beat COVID, Amazon
Independent bookstores are struggling to overcome the impact of two giants: COVID-19 and Amazon. Small,…
Chicago Bars and Restaurants Defy New COVID Shutdown Measures
Bars and restaurants in Chicago and its surrounding suburbs have chosen to defy a new order to shutdown indoor…
Studio Movie Grill Files for Bankruptcy As Movie Industry Plunges
Studio Movie Grill, a popular in-theater dining chain, has filed for Chapter 11 bankruptcy protections in the…
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,…
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…
Effects of COVID-19 Recession on Tourism -The Buttonwood Tree
From airlines to hotels to cruises, tourism businesses have faced unprecedented distress due to the COVID-19…
Regal Suspends All U.S. Movie Theater Operations amid COVID-19
On October 5, Regal Entertainment Group owner Cineworld Group plc announced the suspension of its U.S. movie…
Distressed U.S. Universities, Colleges in Crisis amid COVID-19
Higher education institutions began 2020 under financial pressure nationwide, due to declining enrollments and…
P.F. Chang’s Announces New and Continued Layoffs
The restaurant industry has been one of the hardest hit by COVID-19. Restaurants like P.F. Chang's China…