Bankruptcy & Restructuring News Headlines for Monday May 22, 2023

Here's what we are reading this morning:

Foot Locker slumps as weak demand, heavy discounts drive annual forecast cut | Reuters: Shares of Foot Locker Inc plunged 26% on Friday, after the footwear retailer cut its annual sales and profit forecasts reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories.

VistaJet CEO defends company's financials amid liquidity, debt concerns: VistaJet's net losses totaled $436 million over the past four years, and its debt load more than doubled last year as the company's fleet size ballooned.

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