Zombie brands are plaguing the DTC world: The founder of one CPG startup, speaking under the condition of anonymity, described the general tenor of the consumer landscape this year as one in which “a lot of people are seemingly hanging on for dear life.”
US corporate bankruptcies in June reach highest monthly level since early 2020 | S&P Global Market Intelligence: June marked a historic surge in US corporate bankruptcy filings, with the highest number recorded in a single month since at least the start of 2020 and surpassing half-year figures seen in over a decade
Bill Hwang Found Guilty After Trial Over 2021 Archegos Collapse - Bloomberg: Archegos Capital Management founder Bill Hwang was found guilty of criminal charges stemming from his firm’s 2021 collapse, concluding a two-month trial that captivated Wall Street
Net Effective Rents Drop To Single Digits For Some Chicago Buildings Thanks To Record Concessions: The chasm between Chicago's Class-A office buildings and the rest of the lot continues to grow, both in terms of asking rent and availability
Hotels pressured by loan delinquency, increased distress post-pandemic - San Francisco Business Times: A number of properties and their ownership groups are having to contend with foreclosure, receivership or distress sales because of challenges brought on by the pandemic
Redbox Owner to Shut Down Kiosk Business in Bankruptcy - WSJ: A lawyer for Redbox parent Chicken Soup for the Soul Entertainment says its lenders aren’t willing to take the risk of financing the business any more
