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Matt Katz, Managing Partner and Head of Retail & Consumer Packaged Goods, was quoted in CNN Business on how struggling retailers are navigating bankruptcy during the pandemic. He notes how retailers can’t hold closing sales stating, “Historically, the store closing sales are pretty important, the longer they take, and more aged the merchandise gets, the less the value. That value is what the lenders are looking at.”
Read the full article here.
Matt Katz serves as a Managing Partner and heads the Retail & Consumer Packaged Goods and Private Equity practices at SSA & Company