Since the enactment of the U.S. Bankruptcy Code in 1978, there have been myriad economic cycles that have necessitated modifications in the way lending and restructuring communities operate, but nothing like the changes required by the onset of the coronavirus pandemic. This month’s JCR touches on...
"Clocks slay time... time is dead as long as it is being clicked off by little wheels; only when the clock stops does time come to life" - William Faulkner Though Faulkner wrote these words close to a century ago, their meaning is uncannily prescient during this pandemic. COVID has permeated almost...
To say these are unprecedented times would be an understatement. What the global pandemic has done to economies across the world has never been seen before, and it is far too early in the process to know what the exact long-term impact will be. Added to that, the strain of the health crisis is...
The world continues to grapple with the coronavirus pandemic, and various industries are struggling to pivot or otherwise implement creative solutions to recover from its devastating impacts. In this landscape, restructuring professionals are likely quite busy and becoming even busier as certain...
COVID-19 seems to know no bounds. It has indiscriminately decimated the world economy and has affected people on every corner of the earth, from prime ministers to paupers. I, too, tested positive while organizing this magazine. Thankfully, it was a mild case. However, the virus’s effect on...
As guest editor of this issue of the JCR , in early February I began formulating topics that focused on the challenges faced by the agriculture and transportation industries. Final submissions were due March 10. On March 11, the NBA abruptly suspended its season, Tom Hanks announced he had tested...
In these unusual times, we are pleased to share our retail edition of the Journal of Corporate Renewal. While the global economy is experiencing a massive disruption, and no sector appears to be spared from this downturn, the retail sector’s challenges escalated to new heights. Looking at last five...
W e decided to do a “Back to the Future” edition of the JCR this month with articles on good old manufacturing, distribution, and retail that I think you will find interesting. Let me give you a sneak preview. We lead off with Tom Pabst and Beth Lennon of HYPERAMS (appraisers and liquidators), who...
As the U.S. economy continues its upward trajectory, confounding repeated predictions of an imminent down cycle, turnaround professionals in general, and distressed investors in particular, continue to watch for signs of the next distressed cycle. For this issue of the Journal of Corporate Renewal...
On the heels of 5,864 retail store closures in 2018, at least 8,558 additional stores will close in 2019, a number that could climb as high as 12,000. While the media continues to describe this as a “retail apocalypse,” the fact remains that the U.S. still has much more retail square footage per...
