Chapter 11 bankruptcy is making the rounds in the retail industry
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Good morning. Happy Sunday, from us to you.
After a nearly two-year boom in business, retail companies are looking down the barrel of a bankruptcy gun. The steep rise in prices has slowed demand for certain goods, increasing inventory levels in stores while a recession looms on the horizon. Revlon, a major makeup company, filed for Chapter 11 Bankruptcy last week, signaling an incoming trend as the year drags on…
Check out today’s featured article from CNBC for the rundown on what’s going on in the retail space and whether the supply chain can accept some of the blame. ☕️
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Featured Article:
The retail industry is facing a potential wave of bankruptcies – here’s why | CNBC
“Last week, Revlon filed for Chapter 11 bankruptcy protection, making it the first household consumer-facing name to do so in months.”
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