The Container Store’s Prepack Chapter 11: From Organization to Reorganization
A commoditized product set and intense e-commerce competition that ultimately pushed The Container Store into bankruptcy, and a prepack to extend looming maturities
BurgerFi Restructuring: From Better Burgers to Bankruptcy
An ill-timed acquisition and premium positioning in a post-pandemic consumer landscape that pushed BurgerFi into bankruptcy, and a textbook loan-to-own strategy to save the company.
Neiman Marcus Restructuring and the ill-famed myTheresa Spin-off
From some hot-potato PE and a contentious drop-down LME, to a COVID-driven luxury retail bankruptcy, and criminal-bid-rigging charges, the drama of Neiman’s restructuring is unmatched, with implications reverberating throughout the restructuring arena.
The Untold Story of ESL Investments and the Great Decline of Sears
The 35-year story that involves two major bankruptcies and countless corporate transactions, including "The Next Warren Buffett" and the kidnapping of an executive
At its height in 2019, the company commanded a $47bn valuation and was dubbed the world’s most valuable unicorn (i.e., a private company worth more than $1bn). Four years later, WeWork filed for Ch. 11 bankruptcy with its founder-CEO ousted and a business model proven primarily to incinerate cash.
