Here's what we are reading this morning:
Beyond ‘remains in the red’ as it prepares to relaunch Zulily | Retail Dive: “Sales are still in decline, and compared to 2021, revenue is down by almost 50%,” Saunders said Tuesday. “This means that the business has basically halved and has done so despite the acquisition of Bed Bath and Beyond and Zulily. On the bottom line, Beyond remains in the red."
Hawaiian Electric Nears Wildfire Settlement Aiming to Avoid PG&E’s Bankruptcy Fate - WSJ: Hurdles remain, including insurers’ rights to reimbursement for policy payouts they made to Maui fire victims
Clearlake-Backed Wheels Maker Hoonigan Misses Interest Payments on Loans - Bloomberg: Clearlake Capital Group-backed Wheel Pros LLC skipped interest payments due on some of its term loan debt, according to people with knowledge of the matter
Foxtrot to Reopen in Gold Coast, Old Town, Wicker Park, and Fulton Market - Eater Chicago: City liquor license applications have revealed four Foxtrot locations that new ownership plans to reopen in Chicago