DISTRESSED DAILY: BCG Sees Significant Public Company Stress

June 17, 2021, 12:41 PM

Bored because there are hardly any distressed assets left to invest in? Well, Boston Consulting Group still sees plenty of trouble in media, fashion and oil.

A little more than one in five North American public companies were not “financially or operationally stable” at the end of the first quarter, according to a BCG report published Wednesday. Despite the economic recovery currently underway, certain industries are still struggling, the company said.

“A great number of public companies, concentrated in a handful of industries, remain under real stress,” BCG partner Luke Pototschnik said in the report. “For many of them, the ...

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