Real Estate/Development,
Corporate,
Bankruptcy
Oct. 18, 2017
Legal strategies to help retailers in this difficult environment
The facts are undeniable. According to Credit Suisse, between 20 and 25 percent of the nation's shopping malls will close in the next five years. Established retailers such as Macy's, JC Penney and Sears have announced numerous store closings; clothiers such as American Apparel, Gymboree and Wet Seal have filed for bankruptcy relief, with more on the way.
Jeffrey M. Pomerance
Senior Counsel
SulmeyerKupetz
Phone: (213) 617-5244
Email: jpomerance@sulmeyerlaw.com
Jeffrey heads the Corporate and Transactional Practice of SulmeyerKupetz PC, a boutique financial restructuring, business and litigation firm in California.
The facts are undeniable. According to Credit Suisse, between 20 and 25 percent of the nation's shopping malls will close in the next five years. Established retailers such as Macy's, JC Penney and Sears have announced numerous store closings; clothiers such as American Apparel, Gymboree and Wet Seal have filed for bankruptcy relief, with more on the way. In fact, the number of companies filing Chapter 11 bankruptcy cases, especially in the retail space, is approachin...
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