Consumer & Retail

Hostess Brands: The Pension Liability That Ate Twinkies

May 29, 2026

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24 min read

Hostess Brands: The Pension Liability That Ate Twinkies

Understanding the Role of Multi-Employer Pensions in Hostess’s 2012 Chapter 22

Consumer & Retail

Mar 3, 2026

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32 min read

Big Lots: Discounted Into Bankruptcy

Post-COVID retail market shift, capital allocation missteps, and a Chapter 11 that did not go as planned.

Consumer & Retail

Feb 27, 2026

•

19 min read

Empire Today: Floored by the Market

How the shop-at-home giant’s 2021 LBO led to back-to-back restructurings

KKR

Del Monte Foods: From LME to Section 363

Feb 20, 2026

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29 min read

Del Monte Foods: From LME to Section 363

The Amazing Story of Del Monte’s Failed LME and Chapter 11

Consumer & Retail

Franchise Group: The Roll-Up That Collapsed in Bankruptcy and Reemerged as Fusion

Feb 10, 2026

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27 min read

Franchise Group: The Roll-Up That Collapsed in Bankruptcy and Reemerged as Fusion

How an aggressive group of structurally subordinated lenders turned a simple Chapter 11 into one of the messiest and most litigious bankruptcies of 2025

Ardian

Feb 2, 2026

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16 min read

Florida Food Products: The Modern LME

How FFP’s LME underscores the rise of cooperation over coercion

Consumer & Retail

Jan 30, 2026

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16 min read

MRP Solutions: Molded by Distress

How the Clearlake-Backed Plastic Closures Manufacturer Became a Template for LME 3.0

KKR

Breaking the Pro-Rata Paradigm in Europe: Deconstructing Selecta’s Creditor-Led Restructuring

Jan 23, 2026

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26 min read

Breaking the Pro-Rata Paradigm in Europe: Deconstructing Selecta’s Creditor-Led Restructuring

Inside the “Distressed Disposal” Trap: How the AHG Weaponized European Documentation Holes to Engineer a Coercive Squeeze

Consumer & Retail

City Brewing: A Hard Seltzer LME Hangover

Dec 19, 2025

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19 min read

City Brewing: A Hard Seltzer LME Hangover

How White Claw’s co-manufacturer was forced into back-to-back LMEs

Consumer & Retail

Rough Justice Resolution: Weight Watchers Prepackaged Chapter 11

Dec 5, 2025

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25 min read

Rough Justice Resolution: Weight Watchers Prepackaged Chapter 11

How impaired creditors may have marked a pragmatic alternative in bankruptcy

Consumer & Retail

Washington Prime Group: From Tenant Churn to Balance-Sheet Failure

Nov 21, 2025

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21 min read

Washington Prime Group: From Tenant Churn to Balance-Sheet Failure

How a combination of secular headwinds and COVID-induced macroeconomic shock drove one of the largest U.S. operators of shopping malls into Chapter 11

Consumer & Retail

The Container Store’s Prepack Chapter 11: From Organization to Reorganization

Oct 3, 2025

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17 min read

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

Consumer & Retail

Aug 29, 2025

•

31 min read

Bed Bath & Bankrupt

How a failed private-label strategy, aggressive financial engineering, and eroded stakeholder confidence led to Bed Bath & Beyond Inc.’s liquidation

Consumer & Retail

Bird Global: From VC Unicorn to Chapter 11

Aug 8, 2025

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5 min read

Bird Global: From VC Unicorn to Chapter 11

What began as the fastest unicorn in VC history ended with a bankruptcy filing, a 97% shareholder wipeout, and Apollo walking away with the keys

Technical Lesson

A ‘New Look’ at fairness: Company Voluntary Arrangement Primer

Jul 18, 2025

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4 min read

A ‘New Look’ at fairness: Company Voluntary Arrangement Primer

An overview of an English restructuring tool and a comparative discussion on fairness in restructuring

Consumer & Retail

Saks Global Restructuring, A Thrilling 2025 Saga

Jul 8, 2025

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2 min read

Saks Global Restructuring, A Thrilling 2025 Saga

An analysis of Saks Global’s vendor payment delays, loose bond indentures, and coercive uptier exchange transaction

Consumer & Retail

Jun 13, 2025

•

11 min read

Tupperware Chapter 11 Deep Dive

A closer look at Tupperware’s direct-selling model, traditional out-of-court restructurings, and ultimate acquisition by secured lenders

Consumer & Retail

BurgerFi Restructuring: From Better Burgers to Bankruptcy

May 30, 2025

•

9 min read

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.

Consumer & Retail

(Trash)io: The Stumble from Scale and Short-Term Solutions

May 23, 2025

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17 min read

(Trash)io: The Stumble from Scale and Short-Term Solutions

From doubling revenue every 73 days for years to Chapter 11

Technical Lesson

Section 365 Primer and Express Chapter 11 Case Study

May 16, 2025

•

7 min read

Section 365 Primer and Express Chapter 11 Case Study

Executory Contracts, Unexpired Leases, Considerations, Store Economics

Consumer & Retail

Tuesday Morning, or Tuesday Mourning? Restructuring Deep Dive

Apr 18, 2025

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3 min read

Tuesday Morning, or Tuesday Mourning? Restructuring Deep Dive

A retail Chapter 22 bankruptcy with more disputes than a clearance aisle.

Consumer & Retail

Neiman Marcus Restructuring and the ill-famed myTheresa Spin-off

Feb 14, 2025

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24 min read

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.

Consumer & Retail

Red Lobster, a Case of Predatory Private Equity (Not Shrimp)

Jan 31, 2025

•

33 min read

Red Lobster, a Case of Predatory Private Equity (Not Shrimp)

Did you really think shrimp killed this business?

Consumer & Retail

Jan 17, 2025

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9 min read

Serta is Back, Baby

The 2020 Transaction, Permissibility and Litigation, Indemnification of Uptier Litigation, 5th Circuit Review, Credit Language and LME Implications

Consumer & Retail

The Untold Story of ESL Investments and the Great Decline of Sears

Jul 26, 2024

•

6 min read

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

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Hostess Brands: The Pension Liability That Ate Twinkies

Big Lots: Discounted Into Bankruptcy

Empire Today: Floored by the Market

Del Monte Foods: From LME to Section 363

Franchise Group: The Roll-Up That Collapsed in Bankruptcy and Reemerged as Fusion

Florida Food Products: The Modern LME

MRP Solutions: Molded by Distress

Breaking the Pro-Rata Paradigm in Europe: Deconstructing Selecta’s Creditor-Led Restructuring

City Brewing: A Hard Seltzer LME Hangover

Rough Justice Resolution: Weight Watchers Prepackaged Chapter 11

Washington Prime Group: From Tenant Churn to Balance-Sheet Failure

The Container Store’s Prepack Chapter 11: From Organization to Reorganization

Bed Bath & Bankrupt

Bird Global: From VC Unicorn to Chapter 11

A ‘New Look’ at fairness: Company Voluntary Arrangement Primer

Saks Global Restructuring, A Thrilling 2025 Saga

Tupperware Chapter 11 Deep Dive

BurgerFi Restructuring: From Better Burgers to Bankruptcy

(Trash)io: The Stumble from Scale and Short-Term Solutions

Section 365 Primer and Express Chapter 11 Case Study

Tuesday Morning, or Tuesday Mourning? Restructuring Deep Dive

Neiman Marcus Restructuring and the ill-famed myTheresa Spin-off

Red Lobster, a Case of Predatory Private Equity (Not Shrimp)

Serta is Back, Baby

The Untold Story of ESL Investments and the Great Decline of Sears

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