Fashion and Apparel Industry Prefers Out-of-Court Restructurings

Guest Commentary by Allan Ellinger

In 2010 and 2011, retail was among the top five defaulting sectors, according to a March 2013 report published by analysts at Fitch. Last year, this segment of the economy appeared to be doing better: It did not make it into top five defaulting sectors of the rating agency’s U.S. high yield default index.

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