Zombies: Ranks of world’s most debt-hobbled companies are soaring, and not all will survive
FILE - Shoppers enter exit a Bed Bath & Beyond store Monday, May 29, 2023, in Glendale, Colo. The big-box chain is staging store closing sales at its 360 locations after filing for bankruptcy in late April 2023. An Associated Press analysis found the number of publicly-traded “zombie” companies — those so laden with debt they’re struggling to pay even the interest on their loans — has soared to nearly 7,000 around the world, including 2,000 in the United States. (AP Photo/David Zalubowski, File)
Shoppers enter a Bed Bath & Beyond store Monday, May 29, 2023, in Glendale, Colo. An Associated Press analysis found the number of publicly-traded “zombie” companies — those so laden with debt they’re struggling to pay even the interest on their loans — has soared to nearly 7,000 around the world, including 2,000 in the United States. (AP Photo/David Zalubowski)
Signage is outside the Bed Bath & Beyond corporate headquarters building in Union, N.J., on Wednesday, June 5, 2024. An Associated Press analysis found the number of publicly-traded “zombie” companies — those so laden with debt they’re struggling to pay even the interest on their loans — has soared to nearly 7,000 around the world, including 2,000 in the United States. (AP Photo/Stefan Jeremiah)
