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DISTRESS
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,…
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…
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,…
COVID, Contract Negotiations Force Cliff House to Close
After 157 years and a storied history, San Francisco's Cliff House restaurant will permanently close on…
Bankrupt Il Mulino Granted Debtor-in-Possession Funds
Il Mulino, once a scion of the New York City dining scene, has declared several of its locations bankrupt. The…
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,…