AMERICAS DISTRESS DAILY: Retailer At Home Is Toppled by Tariffs

At Home Group filed for bankruptcy to implement a restructuring deal that will see its lenders take over the business. The move is part of a deal that will write off most of the company’s $2 billion debt and provide $200 million of new capital.

• The company had been struggling with the impact of tariffs on its supply chain, which provides around 45,000 items to its typical store.
• At Home had been shifting some of its manufacturing and product supply lines away from China and expanding sourcing from other countries, including the US, Vietnam, India, and Turkey.

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