BKH Acquisition Corp.
BKH Acquisition Corp. runs over 100 Burger King joints in Puerto Rico through a subsidiary called Caribbean Restaurants. The company was placed on Distressed Company Alert by New Generation Research, however. It said BKH Acquisition Corp. received a “low rating”. On top of that, its credit rating went down from a B- to a CCC+ in January 2017. Credit analyst Olya Naumova said that S&P Global Ratings made this decision thanks to its credit crisis and the economic weakness in Puerto Rico.
BKH Acquisition Corp.
Mattress Firm
It is no secret that everyone needs mattresses. However, people seem to be choosing other providers over Mattress Firm. CNBC said that it applied for bankruptcy on October 5, 2018. The financial difficulties happened because of its accounting scandal and “an onerous store footprint.” The company said it was going to sell 700 stores and cease operations in 200 locations. It wants to escape from unnecessary leases and restructure the business as well.
Mattress Firm