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Webinar

Thursday, 3rd of February 2022, 3:00pm London time, 10:00 am New York time.

Talking Shop: Browsing for High Yield Retail Bargains

Agenda

  • Matalan - The privately owned apparel discounter in the UK is approaching debt maturities after requiring fresh funds in 2020. How sustainable is the recent business recovery?

  • Takko - The German apparel discounter required fresh cash in early 2021. Now liquidity looks good, but several facilities are maturing. A look at German Covid restrictions.

  • Steinhoff - Global homeware retailer with a fraud situation uncovered in 2017. Steinhoff have now seen their Grand Settlement agreed. A look at the options now.

  • Iceland - Privately owned UK food retailer - Through the pandemic, food retailers benefited from both, higher sales and inflow from working capital. Will both effects reverse post-Covid? What will Iceland look like?

  • Casino - French publicly-listed food retailer - Similar impact as per Iceland, with the added complication of an overleveraged controlling parent. Rallye has benefited from a court extension, which affects Casino management’s timeline of exiting non-core businesses.

Participants

Wolfgang Felix and Tomás Mannion

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