Sotheby's Deeply In Debt, Tries To Reopen And Cut Costs
To date, the company's outstanding debt stands at $467 million (plus interest), according to the latest documents. It has to pay more than one quarter of that"$119 million"in interest and principle this year, and around $84 million for each of the next four years. That debt burden, coupled with an extended period when Sotheby's isn't […]
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