Kiko USA
Kiko USA is a store that sells cosmetic products and is a subsidiary of a larger company called Kiko Milano. In mid-January, the beginning of 2018, Kiko USA filed for Chapter 11 bankruptcy. It plans to solve its financial problems by closing nearly all its stores in the U.S., or so it seems. Kiko has around 30 stores across the U.S., all of which are located in shopping malls.
Kiko USA
Kiko USA is having problems within the U.S. but its international business is going from strength to strength. To rectify the situation in the U.S., Kiko USA has been negotiating with landlords to lower their rent and to terminate leases.
A’gaci
At the beginning of 2018, in January, another company, like Kiko USA, filed for Chapter 11 bankruptcy, the A’gaci, a womenswear retailer. When it did, it was in the middle of renegotiation its leases on 49 of its 76 stores. In the company’s press release, it said that around two-thirds of their expenses were related to the very high leases that they had to pay.
A’gaci
A’gaci emerged from bankruptcy in the summer of 2018. They said that they would be keeping 55 stores and 1,500 employees. The Texas-based company got approval to commit on a loan worth up to $12 million in June. So, unlike many companies on this list, it looks like A’gaci has a bright future ahead.
