Distress Tag

Where the COVID-19 pandemic flooded in and quickly swept away the vulnerable retailers — from J.C. Penney and J. Crew to Brooks Brothers and Neiman Marcus — the sector has been standing up higher to the pressures within the economy today. But a bout of inflation not seen in a generation, an enormous run-up in rates of interest and continuing worries over recession are going to prove to be an excessive amount of for some.  Already, David’s Bridal succumbed to bankruptcy and, outside of fashion, Bed, Bath & Beyond is liquidating.  Retail is on edge and with good reason.  To get a way of what comes next, WWD spoke to Richard Klein, senior managing director of Hilco Corporate Finance, experts in restructuring. This conversation...