Asset disposition specialists A&G Real Estate partners has formed a new unit to help both healthy and distressed businesses with asset-specific dispositions, bankruptcies, and out-of-court restructurings.
In a move that was not unexpected, Neiman Marcus Group has filed for bankruptcy with an agreement that will eliminate about $4 billion of its debt and make its creditors the majority owners of its business.
Office Depot Inc. came fast out of the gate in its first quarter, with increased demand for its goods and services amid COVID-19. But it isn’t taking any chances.