Industry Faces Restructuring Challenges: Panel

 In International
The same forces inspiring a new wave of supermarket consolidation are likely to spark a concurrent groundswell of retail bankruptcies and restructurings.
The latter phenomenon will present opportunities and challenges to lenders, lawyers, strategic investors and others who do business with distressed companies, according to speakers at a panel discussion here Thursday. And understanding the unique challenges facing distressed supermarkets is key to successful restructuring, they said.
“For traditional supermarkets … the market is competitive, it’s saturated, and its been tough for a number of years,” said panelist Richard Pedone, a partner with the law firm Nixon Peabody. “And it’s bringing us to a flashpoint where you’re going to see a lot more distress.  Supermarket News – Read more…

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