The previous year saw a number of well-known national and regional retailers file for both Chapter 7 and Chapter 11 bankruptcy. This resulted in everything from outright liquidation to financial reshuffling.
But as the coronavirus pandemic roils the industry, more major retailers and restaurant chains have now filed for bankruptcy in the first nine months of 2020 than all of 2019.
- A number of retailers and restaurant companies have filed for bankruptcy in 2020.
- Not all bankruptcies result in outright liquidation.
- Companies can also use bankruptcy as an opportunity to turn things around financially.
RSK: I am betting this list will double in the next few months. Sad indeed.
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- - Volume: 8 - WEEK: 42 Date: 10/13/2020 8:07:48 AM -