BKH Acquisition Corp.
BKH Acquisition Corp. runs over 100 Burger King stores in Puerto Rico. However, it joined other companies in the Distressed Company Alert released by New Generation Research. The company received a “low rating” and had its credit rating drop down from B- to CCC+. Olya Naumoya said that the issues of the company lie in its credit crisis as well as the economic vulnerabilities of the area.
BKH Acquisition Corp.
Mattress Firm
Mattresses are important, but could it be that people are buying theirs from a different store now? Mattress Firm applied for bankruptcy protection on the 5th of October in 2018. It was having a hard time financially thanks to “an onerous store footprint” and its accounting scandal. Mattress Firm announced its plans to shut down 200 stores and then sell 700 more. Hopefully, terminating these leases and restructuring the business will help it out.
Mattress Firm
