@zenkat @GhostOnTheHalfShell 2nd link in my post has a bloomberg writeup. i think this is all very new, like the situation has dramatically changed in just the last few hours.

here's the hilarious letter from debtor's counsel: https://x.com/sindap/status/1976248093009187080

here's an FT article: https://www.ft.com/content/36582d44-2592-4de7-a252-c2797fa65a48?shareType=nongift

#firstbrand #firstbrandsgroup