Retail Wreckage Piles Up

Stephen Selbst, partner and chair of Herrick's Finance Litigation & Restructuring Department, spoke to The Real Deal about the recent wave of high-profile retail bankruptcies. In the article, Stephen is quoted on the growing trend of luxury outlets filing for bankruptcy, and notes that unsecured creditors of brands like Gymboree will have to fight an uphill battle to recoup their claims. Selbst said the "luxury end of the market is suffering in general.”