BKH Acquisition Corp.
BKH Acquisition Corp. operates over a hundred Burger King locations in Puerto Rico through its subsidiary by the name of Caribbean Restaurants. The company was on the New Generation Research’s Distressed Company Alert list, which claimed it had a “low rating”. Its credit rating also dropped down from B- to CCC+ in January 2017. The economic weakness of Puerto Rico is to be blamed for this.
BKH Acquisition Corp.
Mattress Firm
Mattresses are important in a household, but it seems people are choosing to patronize other brands. It filed for Chapter 11 in October 2018. The monetary problems rolled in after “an onerous store footprint” and an accounting scandal. Only a few days after making it public, it planned to halt operations in 200 stores and sell 700 stores. Mattress Firm hopes to get out of leases and undergo restructuring.
Mattress Firm