In a Pandemic, Food, Booze and Guns Retain Value Best

May 6, 2020 – Media Mention
The Wall Street Journal

Stephen Selbst, partner and co-chair of Herrick's Finance Litigation & Restructuring Department, was quoted in The Wall Street Journal discussing the value of loans tied to merchandise. Industries like food and beverage, liquor stores, supermarkets and drug stores have maintained their value, while retailers find themselves sitting on unsold merchandise, which will affect the value. “Retailers are worried that they’re not going to be able to sell their inventory anywhere close to full price,” said Selbst.