Has the Retail Apocalypse Returned?

When Bloomberg wanted to take a look at whether recent economic bad news might mean a surge in retail bankruptcies, the reporter spoke to Craig Solomon Ganz.

“These retailers’ financial models didn’t make sense anymore, their debt loads didn’t make sense anymore, and they shouldn’t have been functional companies anymore,” he said. “A whole slew of these retail companies just can’t survive.”

Mr. Ganz is a member of the Bankruptcy and Restructuring Group and Distressed Assets and Opportunities Initiative, a multidisciplinary team that leverages its comprehensive experience in all aspects of distressed assets to help clients address the challenges and opportunities of economic uncertainty.

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