Tag Archives: 2009

15 Companies That Might Not Survive 2009 – (Including Mine)

Realogy Corp. Privately owned; about 13,000 employees. It’s the biggest real-estate brokerage firm in the country, but that’s a bad thing when there are double-digit declines in both sales and prices, as there were in 2008. Realogy, which includes the Coldwell Banker, ERA, and Sotheby’s franchises, also carries a high debt load, dating to its purchase by Apollo Management in 2007 – the very moment when the housing market was starting to invert from a soaring ride into a sickening nosedive. Realogy has been trying to refinance much of its debt, prompting lawsuits. One deal was denied by a judge in December, reducing the firm’s already tight wiggle room. [Update: See this response from Realogy.]

via 15 Companies That Might Not Survive 2009 – FlowChart usnews.com.