Defaults and Restructuring Next for Retailers
Thursday, January 7, 2016 16:00
% of readers think this story is Fact. Add your two cents.
by Wolf Richter
Wolf Street
It’s getting tough for our over-indebted, junk-rated LBO queens.
As so many times, there’s a private equity angle to it: the cycle of LBOs, debts, and defaults.
Many retailers are over-indebted, junk-rated LBO queens, some dating from the LBO boom that ended so spectacularly in 2008: luxury chain Neiman Marcus, supermarket chain Albertsons, J. Crew Group, 99 Cents Only Stores, Bon-Ton Stores, jewelry and accessory retailer Claire Stores….
They’re now bogged down in the current brick-and-mortar retail quagmire.
Continue Reading at WolfStreet.com…
Source: http://financialsurvivalnetwork.com/2016/01/defaults-and-restructuring-next-for-retailers/?utm_source=rss&utm_medium=rss&utm_campaign=defaults-and-restructuring-next-for-retailers
