Retail restructurings have drawn a lot of attention in recent months, with insolvency filings by big-name retailers such as Aldo, Reitmans, Laura, DAVIDSTea, and Mountain Equipment Co-op. Many more are hanging on by just a thread and will need to obtain creditor protection imminently.
Join Insolvency Insider for the informative half-hour discussion in which an expert panel looks at how retail restructurings have changed in 2020 and what the new retail restructuring playbook is shaping up to be. Covered, among other things, include the following:
- Financing structures retailers are turning to in order to increase liquidity and avoid the need to file for creditor protection for as long as possible.
- New measures of relief that are being requested and granted by the courts, including forms of rent relief, landlord charges and reverse claims processes.
- Canadian landlords’ current appetite to work with retailers, the concessions they have been making in restructurings and the panel’s expectation that landlords will start taking a more activist role in retail insolvencies in order to, among other things, protect their co-tenancy provisions.
- The latest strategies for liquidating inventory, including changing sales guidelines and liquidation services agreements.
- The biggest obstacles that need to be overcome in retail restructurings in the current environment, including:
- challenges with moving to an online strategy; and
- planning for and dealing with a potential second wave and other pandemic-related uncertainties.
- The panel’s predictions on what the next 6 to 12 months will hold for retailers.
• Martin Rosenthal, Eastern Canada region Managing Partner – Strategy and Transactions, Ernst & Young Inc.
• Sandra Abitan, Montreal Office Managing Partner and Insolvency & Restructuring Partner, Osler, Hoskin & Harcourt LLP
• Bradley Snyder, Executive Managing Director, Tiger Capital Group, LLC
Register now to be involved in the timely discussion which will be invaluable to anyone that works in, or has clients in, the retail industry. Insolvency Insider will continue to run webinars during this challenging time, as trends and legal updates continue to change.