The first ten months of 2023 have seen big-name retailers, including David’s Bridal, Bed Bath & Beyond, Party City, and Rite Aid, and many small businesses file for bankruptcy protections. In the 12-month period ending June 30, 2023, bankruptcy filings rose 23% year-over-year according to the Administrative Office of the U.S. Courts, and Chapter 11 […]
We are excitedly counting down the weeks until the return of the Consensus Great Brands Show (CGBS), which will take place September 13th, at the New York Times Center in Manhattan (CGBS Website). CGBS is returning for the 10th time, after a pause for COVID, and we are bringing the show back bigger and better than […]
It has been a tumultuous year for Bed Bath and Beyond (“Bed Bath”) as it continues to narrowly avoid bankruptcy. The turmoil began in early January with a “going concern” warning issued by the company, which then drove its lender, JPMorgan Chase, to issue a default notice and call for immediate repayment of Bed Bath’s […]
Last week, Bed Bath & Beyond announced in its quarterly earnings report that losses were far greater than expected and sales fell by a third compared to the same period last year. This announcement came on the heels of issuing a “going concern” opinion that the business may not be able to operate in the […]
Kroger announced on October 14th that the company has signed a definitive merger agreement to acquire all of Albertsons stock for an estimated consideration of $34.10 per share, implying an enterprise value of approximately $24.6 billion. This purchase price represents a premium of 29.7% to the 30-day average share price. Kroger is eager to join […]