European Retail Distress Hits Decade High Amid Consumer Gloom
Weakening consumer confidence and public fears of a slowing economy have driven distress among Europe's retailers to its highest level since October 2014, according to a new report from Weil, Gotshal & Manges.
Retail and consumer goods firms have seen the largest quarterly rise in levels of distress across all the industry groups captured in the law firm's index of European corporate distress. The sector faces growing pressures on levels of investment, liquidity and profitability, the report said.
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Our View – EPL Index Analysis From the perspective of a Manchester City supporter, this story is layered with excitement, frustration and uncertainty. James McAtee has been widely regarded as one of the brightest prospects to emerge from the club's academy in recent years. Watching players like Cole Palmer succeed elsewhere begs the question: are we giving these youngsters enough opportunity? McAtee is the kind of player City could need in transition games, in tighter cup fixtures or when rotation becomes critical during the business end of the season. He's technically sound, reads the game intelligently and clearly has the maturity to lead, as shown by his captaincy role with England's U21s. Advertisement There's something bittersweet in potentially losing him to Leverkusen. Yes, £25m or more is good business, but is that truly reflective of what he could become under Guardiola or even as part of a deeper squad reshuffle post-Kevin De Bruyne? In the current market, a fully integrated McAtee could be worth double in a couple of seasons. Xabi Alonso's style and tactical approach would suit McAtee perfectly, and one can't help but feel he'd thrive in Germany. However, from a City standpoint, it's tough to reconcile allowing another homegrown star to flourish abroad while the club continues to spend heavily on ready-made midfielders. Selling McAtee might make financial sense today, but could prove a footballing misstep tomorrow.
