Covid19 Bankruptcy Thread

[flipstah]

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Brasserie in Kensington is closing its doors. But apparently opening up something else, so not bankrupt?

In the same spot? Like a re branding?

Or just moving to cheaper rent?

[ianmcc]

Looks like a Taco Bell/Pizza Hut/Reitmans Plus commercial.

[rage2]

https://www.cbc.ca/news/business/her...ntal-1.5581850

Hertz, Dollar, Thrifty fire sale. 19b in debt, 1b in cash. Used car market about to be flooded with 250k cars to raise $5b.

[msommers]

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In the same spot? Like a re branding?

Or just moving to cheaper rent?

All I know so far...

After a decade of operation, Brasserie Kensington has announced it will be closing its doors.

While Brasserie owners Cam Dobranski and Jacqueline Warrell will be shuttering this current concept, they teased that they are not keeping the 100-1131 Kensington Road doors closed for long.

The duo announced they have “something new up their sleeves” and it will be coming to Calgarians in June.

Folks can expect a new look, concept, and menu in Brasserie’s place. We’ll keep you posted as more details on the eatery are released.

[ExtraSlow]

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https://www.cbc.ca/news/business/her...ntal-1.5581850

Hertz, Dollar, Thrifty fire sale. 19b in debt, 1b in cash. Used car market about to be flooded with 250k cars to raise $5b.

My bud that is high up in a major car rental place says current business is 1% of normal. No business can survive on that fir long.

[nzwasp]

I hope national survives.

[Buster]

Meh. Car rental places are like airlines...basically easy to setup if the space for the cars at the airports is available.

[ExtraSlow]

An extremely fungible service. Even though I have friends and family tied to one nameplate.

[shakalaka]

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https://www.cbc.ca/news/business/her...ntal-1.5581850

Hertz, Dollar, Thrifty fire sale. 19b in debt, 1b in cash. Used car market about to be flooded with 250k cars to raise $5b.

Came to post this. I thought it was pretty big news seeing how big Hertz is/was. That being said, is this the first bankruptcy from an industry connected to travel/tourism so far? I hope nothing else follows suit but I wouldn't be surprised since tourism as an industry has been hit real hard.

[flipstah]

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https://www.cbc.ca/news/business/her...ntal-1.5581850

Hertz, Dollar, Thrifty fire sale. 19b in debt, 1b in cash. Used car market about to be flooded with 250k cars to raise $5b.

Certain models just crashed in value overnight. Damn. All I can think of is Mustang EcoBoost.

[ThePenIsMightier]

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Hertz is teetering, will be bankrupt within the week.

From 5/5/2020^

Killramos wins the coveted Crystal Baller Of The Week after being off by only ~10 days. Quite Impressive!

Your sash and gift card for JetBlue airlines will arrive in the mail after 6-8 weeks.


*Maybe I'm still sleepy but I can't seem to make this not look sarcastic. It's not supposed to be sarcastic.

[killramos]

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From 5/5/2020^

Killramos wins the coveted Crystal Baller Of The Week after being off by only ~10 days. Impressive.

Your sash and gift card for JetBlue airlines will arrive in the mail after 6-8 weeks.

I don’t deserve much credit, the company admitted as much in the news lol

I’m just mad because I need to rent a car on October for a wedding and my 5 star account just became worthless

[ExtraSlow]

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I’m just mad because I need to rent a car on October for a wedding and my 5 star account just became worthless

Hey silver lining, you probably won't need it anyway.

[killramos]

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Hey silver lining, you probably won't need it anyway.

We should make a lunch bet

[ThePenIsMightier]

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I don’t deserve much credit, the company admitted as much in the news lol

I’m just mad because I need to rent a car on October for a wedding and my 5 star account just became worthless

That's shitty. I know a guy who has bought a few of those weird Hertz Mustangs. I had never heard of such a thing until he was showing me pictures of his. He'll also be sad.

[killramos]

That the GT350H?

[ThePenIsMightier]

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That the GT350H?

Yes. It's a historic relationship, apparently. Kind of interesting.
https://www.hertz.com/blog/automotiv...shelby-mustang

Was still a thing, too.

[flipstah]

Tavernetta is closed

[rx7boi]

Hertz was also offloading their 100th anniversary Z06's

[A2VR6]

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Tavernetta is closed

Too bad. I really liked this place.