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DISTRESS
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…
Revlon Distressed Exchange Fails, Looks for New Way to Remain Solvent
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…
LA, NYC Plan Employee Furloughs as COVID-19 Continues
Amid daily news of private sectors suffering the recession, COVID-19 is also forcing two major cities into…
Mass Transit in Distress Nationwide, ‘Death Spiral’ Threatens its Future
Since the rise of COVID-19, transit agency officials across the U.S. have been resorting to drastic measures.…
Fitness Industry’s Reopening, Long Road to Recovery
Following the nationwide lockdown due to the COVID-19 outbreaks, the U.S. fitness industry is slowly returning…
Jason Holdings Emerges from Chapter 11 with Negative Outlook
Jason Holdings Inc., a Milwaukee-based industrial manufacturing company, received a negative outlook from…
Unprecedented Distress Looms over Major U.S. Theme Parks
U.S. lodging, leisure, and gaming sectors are among numerous industries that have sustained the severest…
Auto-Part Supplier Shiloh Files for Chapter 11 Bankruptcy
Shiloh Industries Inc. filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of…
Coca-Cola Struggles with Public Venue Closures, Supply Shortages
Soft drink giant Coca-Cola, Co (NYSE: KO) is another staple of the old normal that struggles to co-exist with…