Looking to China in a COVID-19 age, creditors may soon start forcing several high-profile companies into legal proceedings commensurate with corporate failure.
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Unless there is a rapid economic recovery, more retailers are going to go the way of J. C. Penney, Pier 1 Imports, Neiman Marcus and J.Crew. That is: bankruptcy.
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A look at our FRISK® Stress Index shows that there are more than 30 large-scale public companies within the restaurant industry at heightened risk of bankruptcy in 2019.