In recent months, retailers seem to be on a stronger footing but continue to face challenges spurred by the impacts of the pandemic. These impacts—labor shortages, supply chain issues, unpredictable inventory levels, and inflation—have created a rocky terrain for the retail landscape. By...
On 26 May 2021, the Norwegian Air Group successfully completed its global restructuring, which began in the Irish High Court on 18 November 2020. At the commencement of the restructuring, the group was one of the largest low-cost airline carriers in Europe and among the 10 largest in the world. It...
ESG, Sustainable, and Impact Investing: Returns, Profits, and Distressed Potential
Presented in partnership with the New York Institute of Credit. Investors are increasingly concerned with the environmental, social, and governance (ESG) impacts of their investment...
In this month’s issue of the Journal of Corporate Renewal , we turn to the retail industry. Over the past year, we saw the COVID-19 pandemic not only create new challenges for the industry but also exacerbate existing industry headwinds and shifting consumer habits. The upshot is that we saw the...
The last decade has been enormously transformative for the retail industry. The soaring popularity of e-commerce, shifts in consumer behavior and demographics, and declining store foot traffic have pushed many traditional brick-and-mortar retailers to the brink, and some were tipped over into...
Consumer-reliant sectors in the UK, such as retail, leisure, and hospitality, have been significantly, and potentially permanently, impacted by government lockdowns and movement restrictions related to the COVID-19 pandemic, as evidenced by the range of high-profile insolvencies in the past 12...
Stagnating attendance, high fixed costs, and mounting debt have long challenged the exhibitor industry. Consumer habits have continued to change as home theater equipment has become more affordable and newer streaming and video-on-demand (VOD) options have entered the marketplace. In addition,...
As the COVID-19 pandemic continues to wreak havoc on the economy, corporate restructuring has provided a strategic alternative for many retailers. Coming as it did amid an already fragile retail environment, the pandemic pushed more than three dozen retailers into Chapter 11 bankruptcy in 2020,...
The oft-touted “retail apocalypse” has resulted in a large number of retailers seeking Chapter 11 protection. This wave of Chapter 11 filings has been attributed to a number of factors, including the rise of online and direct-to-consumer retail, a shift in retail preferences, and, of course, the...
In an article in this publication in 2019, we discussed the “retail apocalypse” and how lenders, turnaround professionals, and other stakeholders could adjust to the new normal in retail. Just over a year later, a global pandemic hit, and everything changed—again. The retail industry has endured...
