BKH Acquisition Corp.
BKH Acquisition Corp, through Caribbean Restaurants, is in charge of running over a hundred Burger King joints in Puerto Rico. Sadly, the company was on the New Generation Research, Inc. list called Distressed Company Alert. It received a “low rating” in the report. On top of that, the company credit rating went from B- to CCC+ after it was evaluated by S&P Global Ratings on January 11, 2017. A credit analyst called Olya Naumova said that this happened because of the economic issues in Puerto Rico and the ongoing credit crisis of the company.
BKH Acquisition Corp.
Mattress Firm
We all need mattresses, but it looks like people are buying them at other places now. On October 5, 2018, Mattress Firm filed for Chapter 11 bankruptcy protection. Their financial difficulties have something to do with an accounting scandal, as well as what CNBC referred to as “an onerous store footprint.” The company announced that it was going to sell 700 stores and cease operations in 200 more. It hopes to bounce back after letting go of unnecessary leases and restructuring the business.
Mattress Firm
