Jun. 11 at 4:41 PM
$CODI Luxury jewelry brand Lugano has just made its Chicago debut—opening a boutique inside a three-story, 15,800-square-foot building - This was just before the CEO resigned - I think it's unlikely even Lugano goes bankrupt let alone CODI - I think they carry it at 1/2 its former valuation or sell it off for zero cash and buyer taking over 90% of the debt with CODI swallowing
$20-MM-ish debt assumption left on the books(4 months of the common dividend they stopped paying)