Tuesday, March 14, 2017

Rising rates will speed up the clock on retail's $3.7 billion time bomb

Image result for claire'sAfter years of low rates fueled a private equity "feasting" on retail firms, the number of troubled chains has tripled over the past six years, and is now at its highest level since the Great Recession.

Moody's Investors Service says that 19 of these companies have "well over" $3.7 billion in debt that matures over the next five years. Roughly 30 percent of that total is due by the end of next year.. . . more

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