Bankruptcy & Restructuring News Headlines for Tuesday Oct 10, 2023

Here's what we are reading this morning:

Vaults, Ducts, Kitchens: Everything Must Go When a Company Moves Out - The New York Times: As companies reduce their office footprint to accommodate remote work, they are turning to decommissioning teams to clear out furniture, fixtures and equipment.

Why Blue Apron, Allbirds, and other brands are turning into zombies: Once-hot DTC brands are hollowing out behind the scenes. Is the goal, like Blue Apron, to clean house for a prospective buyer?

Shift Technologies, Inc. to File Voluntary Chapter 11: To facilitate the process, the Company will utilize cash on hand and cash generated by the liquidation of inventory through wholesale channels to provide the necessary liquidity to support the wind down and closure of operations during the Chapter 11 process.

Bankruptcies in US Rising at the Fastest Rate Since Pandemic - Bloomberg: Rapid rate hikes have helped fuel an increase in company failures this year—and there’s probably more pain to come.

Older Post Newer Post