MACCO Restructuring Group, LLC , is the leader in middle-market business restructuring and business turnarounds, where exceptional performance meets tangible results. With a proven history of success and a prestigious collection of awards, we stand at the forefront of revitalizing businesses facing financial and operational challenges. Our dedicated team of experts specializes in navigating the complexities of financial distress, offering strategic solutions tailored to each client's unique needs. In 2023, MACCO was awarded the American Bankruptcy Institutes’ “Asset Sale of the Year” and the M&A Advisor’s “Turnaround of the Year” Award for saving a publicly traded cannabis consumer products company. During 2022, MACCO was awarded the M&A Advisor’s “Chapter 11 of the Year Award ($250MM Category)” in the Cred, Inc. cryptocurrency chapter 11. At MACCO, it’s the drive to find a solution that compels us. We understand that business challenges demand swift and effective action. Our client-centric approach ensures that every solution aligns with the client’s needs. What sets us apart is not our accolades but our people. The tangible impact we've made on countless businesses, in a broad array of industries across the nation, attests to our capability.
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Along w/ Rubios, Buca Di Beppo and others, combined with downtrending consumer economics, all mean that the restaurant/fast casual dining segment will remain under stress with more bankruptcies to come.
I promise I won't post every restaurant and hospitality BK...but the trend is surely there in that business segment.
At MACCO, we've seen this movie before...
"AMC moved 175 theaters and related intellectual property out of the reach of some creditors as part of the transaction, according to regulatory filings. The maneuver enables the company to exchange existing debt for new obligations backed by the shifted assets, the filings show." No, really...you can't be serious... 🤣 Just Say'in! ##turnaround #BankruptcyPlanning #Lenderonlenderviolence #Texastwostep
MACCO Restructuring Group, LLC reposted this
I’m looking forward to being home and attending TMA/SFNet event at the Armadillo on Kirby Thursday. Jeans, boots, beer, friends & colleagues and music…does it get any better than that. I think not…Just Say’in!
"June marked a historic surge in US corporate bankruptcy filings, with the highest number recorded in a single month since at least the start of 2020 and surpassing half-year figures seen in over a decade."
Our CEO'e perspective on high end retail deals.
"Following the transaction, HBC will establish Saks Global, encompassing Saks Fifth Avenue, Saks Off 5th, Neiman Marcus, and Bergdorf Goodman brands." In our practice at MACCO, the fundamental question is whether there's a compelling reason for a client to remain in its business segment. If yes, we evaluate if it's important and viable enough to bear restructuring costs. The necessity of three out of the four super high-end retailers raises questions. Just Say'in!
The decision is interesting to read as is the dissent, but it will fundamentally change how bankruptcy is used in mass tort circumstances. We're surmising this will also kill the "Texas Two Step" bankruptcy process. #Bankruptcy
Game Changer... #Bankruptcy #ThirdPartyReleases #Chapter11plans #MassTort
MACCO's Founder & CEO reflects on Tik Tok...
I sometimes ask myself, "Porque No?" This is one of those times and a "should read" informative article. The axis of social media, economy and culture continues to evolve. For good or ill...I have no idea. Just Say'in! "...Despite having more than 400,000 followers, and posts that average 100,000 views, his income last year was less than the median annual pay for full-time U.S. workers in 2023—$58,084, based on Bureau of Labor Statistics" "...The 29-year-old is hesitant to commit to an apartment lease...For now, he’s living with his mom in Washington state." #SocialMedia #Economy #Culture #Work #Jobs
Earlier this week I participated in meetings at the White House with OEMs, Li Battery producers and North American graphite producers to discuss how to scale the domestic Graphite Anode supply chain. It was a fascinating discussion and will hopefully lead to further offtake agreements between anode producers like Westwater and battery cell producers and OEMs. #Westwater #graphite #Anode
Diamonds are, apprarently not forever...
This is a "must read" and fascinating article on a once thought unassailable business segment, business restructuring and shifting consumer sentiments. "“A diamond is forever,” but perhaps not for the increasing number of consumers spurning the gemstone for lab-grown counterparts, gold and even other colored gemstones." #Restructuring