Why French leveraged buyouts are caving in like camembert
Debt restructurings feel more like a biennial standing appointment rather than a one and done
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Economic weakness, high debt burdens and law change have made businesses more attractive targets
Paris threatens private equity-owned laboratory groups with profit caps
Wave of restructurings among indebted companies expected after government-led audit
Beware the three Ls: leverage, liquidity and lunacy
In the long run bubbles always deflate, often when least expected
We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn
First Brands creditors reckon with dwindling chance of repayment
Upcoming asset sales are expected to yield as little as $200mn to pay off debt pile of more than $12bn
Affordable French brands are luring customers from ‘big luxury’
Label such as Sézane and Polène aim to deliver on quality and price