Coronavirus losses are putting Brazilian airline Gol Linhas Aereas Inteligentes SA in a major cash crunch. Is bankruptcy far behind?
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The "retail apocalypse" rages on in the United States, as department store The Bon-Ton Stores, Inc. filed for bankruptcy in February 2018.
American cosmetics giant Revlon, Inc. hit bankruptcy after years of poor C-Suite stewardship and a seemingly all-or-nothing bet on the perpetual survival of brick-and-mortar department stores. We investigate a long descent into Chapter 11.
Conn’s suffered from persistent declines in same store sales, caused by “lower discretionary spending for home-related products.” The acquisition of W.S. Badcock, LLC also contributed to higher financial leverage and ultimately an untenable balance sheet.
Tailored Brands, owner of Men's Warehouse and Jos. A. Bank, filed for bankruptcy following the secular headwinds of declining professional attire, only accelerated by the coronavirus and stay-at-home orders.
Finances seem not to compute these days for California-based tech solutions provider Quantum Corporation, now at heightened risk of bankruptcy in 2018.
German-based manufacturer SGL Carbon SE provides carbon fiber materials to various end markets of automotive, wind energy, and aerospace. Despite customers steadily recovering, the company continues to struggle with thin margins and high leverage.
Anchored off the United States' Gulf Coast Basin, PetroQuest Energy, Inc. could not further weather steep drops in sales and working capital, which in large part led to their bankruptcy.
Being one of the first major retailers derailed by COVID-19? Hardly fashionable. How did it all go wrong for J.Crew?