alerts & publications
The Retail Apocalypse’s Impact on Grocery ChainsMay 31, 2019 | Consumer & Retail Products
In recent article for the Turnaround Management Association, O’Melveny partners Suzzanne Uhland and Nancy Mitchell and associate Joseph Spina describe how the rise in popularity and convenience of online shopping has contributed to the bankruptcies of grocery stores.
“These debtors face many of the same issues as other retailers—asset-based loans, too many or unfavorable leases, and trade and reclamation claims. In addition, grocery store Chapter 11s face two additional challenges—a large amount of their inventory is perishable and much of their workforce is unionized. Addressing these two challenges is critical to any successful grocery chain restructuring,” write Uhland, Mitchell, and Spina.
You can read the full article here.
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