Bankruptcy & Restructuring News Headlines for Friday Jan 19, 2024

Here's what we are reading this morning:

Spirit Airlines Explores Restructuring Options Following JetBlue Deal Collapse - WSJ: The airline plans to talk to advisers about ways to deal with its debt, with more than $1 billion coming due next year

Value of Westfield San Francisco Mall Cut by $1B: Appraisal for $290M represents a 75% loss for the mostly empty shopping mall in Union Square.

Adam Neumann Faces Shortfalls on Flow Properties in Nashville: Former WeWork CEO Adam Neumann’s new multifamily venture Flow is facing cash shortfalls on a Nashville apartment complex.

Macy’s to Cut About 2,350 Jobs, Close Five Stores - WSJ: Macy’s plans to lay off about 13% of its corporate staff and close five stores in a bid to trim costs and redirect spending to improve the shopping experience for customers.





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