June 2018
Feature Article
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Early Action is Crucial to Maximizing Retail Brand Value in Bankruptcy
The 2005 amendments to the U.S. Bankruptcy Code foreclosed the ability of retailers to defer store lease assumption or rejection decisions until the end of a bankruptcy case. Following the 2005 amendments, retailers followed a predictable path leading up to bankruptcy, typified by waiting as long as possible to file and only doing so (i) […]
More from this Issue
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Heather L. Morgan: Take a Hike
Heather L. Morgan is a national strategic account manager with Ritchie Bros. in Denver. In that role, she travels throughout the United States meeting with clients and referral sources, attending her company’s auctions, and participating in various conferences. Before joining Ritchie Bros., Morgan was with Wells Fargo in Southern California, where she was a business […] -
Dealing with Disruptive Change
Last year more than 20 national retail chains filed for bankruptcy protection, continuing a trend that many observers attribute to the rise of e-commerce and the unprecedented growth of Amazon. While the impact of those forces certainly cannot be denied, the history of retail is also one marked by disruptive change, as new forms of […] -
Early Action is Crucial to Maximizing Retail Brand Value in Bankruptcy
The 2005 amendments to the U.S. Bankruptcy Code foreclosed the ability of retailers to defer store lease assumption or rejection decisions until the end of a bankruptcy case. Following the 2005 amendments, retailers followed a predictable path leading up to bankruptcy, typified by waiting as long as possible to file and only doing so (i) […] -
Market Trends, Recent Deal Terms in Retail DIP Financing
When charting a course through bankruptcy, retailers must prioritize maintaining sufficient liquidity to fund operations and the expenses associated with the case. To accomplish this, retailers typically use a lender’s cash collateral and obtain debtor-in-possession (DIP) financing. Both are critically important tools that allow the retailer to purchase new inventory to restock store shelves, pay […] -
Turnarounds Amid Disruption: Maximizing Real Estate Portfolios Is an Essential Strategy
The struggles of the U.S. retail sector have been well publicized—so much so that the term “retail apocalypse” is now firmly established in the lexicon. Last year alone, more than 20 national chains in the United States, including names like RadioShack, hhgregg, BCBG Max Azria, Gander Mountain, and Wet Seal, filed for bankruptcy protection. The […] -
Value Preservation of a Retailer in a Distressed Sale Process
When turnaround professionals represent retail organizations that are in a state of transition and require new ownership, they are managing a multifaceted situation. The sale of goods and/or services to customers through multiple distribution channels can be challenging to begin with; adding financial stress or distress, as well as a sale process to the scenario, […] -
Managing a Small Chain Retail Liquidation with a ‘Controlled Burn’
In rocket science, guidance maneuvers that employ engine thrust to slow or steer a rocket are often said to have made use of a “controlled burn.” While retail liquidations are certainly not rocket science, many small retailers could benefit from the use of a “controlled burn” of their own to slow down and steer a […] -
Preparing for the Storm on the Horizon
While there does not appear to be single market force poised to strike in the near future equivalent to the mortgage crisis that precipitated the Great Recession, we are seeing various events that threaten to converge and create a perfect storm that could precipitate an economic downturn. Geopolitical conflicts currently dominate news headlines—threats of reciprocal […] -
Milestones
A&G Realty Partners has established a new Healthcare Property Division and named Peter J. Lynch, a Los Angeles-based principal at the firm to head the unit. Maximizing real estate assets allows healthcare companies to drive down costs and better position themselves for survival or growth, the firm said in a news release. In addition to […] -
Newcomers: June 2018
Arizona Jeremy R. Jarrett, Greenspoon Marder PA Suzanne Kelly Atlanta J. Patrick Moody, Citizens Bank Stephen Schlesser, Vion Investments Zachary Shipps, Jone Lange LaSalle Austria Marcus Bumberger, Oberbank AG Burak Buyukfirat Gerhard Ebner, A.B.S. Factoring AG Lorenz Gabmann, KPMG Advisory GmbH Andreas Gaisbauer, Actum Performance Group GmbH Hans Garstenauer, Johann Garstenauer Hermann Hänsler, Hermann Hänsler Business Transformation […]