https://finance.yahoo.com/news/kanen-wealth-management-excoriates-fossil-192600698.html
The consultants do dig in, but suggestions don’t seem to be accepted. Complete lack of reasonable decision making skills by leadership with regard to spending as well. It’s past time to hunker down and control spending. Stop approving spend on things that can be done a different way but may not be as “se-y”.
IMO, chapter 11 is the only way out at this point with existing team. Someone already made a purchase offer and then backed out after due diligence