Improving the Odds of Success for Retail Bankruptcies
By David M. Guess, Shareholder, Greenberg Traurig LLP
Last year saw over 9,300 retail store closures—more than any other year on record and a 60% increase over the roughly 5,800 closures in 2018. Whether one believes the industry is in the midst of the “retail apocalypse” or that what’s happening is merely a matter of survival of the fittest, it is...
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David M. Guess is a shareholder in the Orange County, California, office of Greenberg Traurig LLP. He represented Wet Seal, PacSun, Sport Chalet, Eastern Mountain Sports, and Bob’s Stores as debtor’s counsel in their Chapter 11 cases; the secured lender and asset purchaser of Souplantation and Sweet Tomatoes; and the asset purchaser of Hot Dog on a Stick. Guess has particular experience in retail, restaurant, real estate, hospital, and skilled nursing facility bankruptcies, bankruptcy appeals, and fraudulent transfer litigation arising from failed LBOs and spinoffs.