{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Octus Download","title":"EP 33 | A Tale of Two Michaels, Kawhi's Frozen Trade & The Big Game Credit Story","html":"","width":"100%","height":180,"duration":2880,"description":"Every retailer in America named Michael is either printing money or closing stores. Jason Sanjana and Kevin Eckhardt start with a tale of two Michaels (04:59). Michael Kors, the brand not the man, has quietly closed 139 stores in three years while sales dropped more than $860 million, caught in the collapsing middle where near luxury goes to die. Then the resurrection. Apollo bought Michaels, the craft chain, for $3.3 billion, watched the bonds trade at 34 cents, then refinanced the whole thing at par (11:33) after Joann and Party City conveniently burned down next door. There is a bankrupt balloon factory in here too.\nFrom there (19:15), the bankruptcy boys return to the Kawhi Leonard beat. A $28 million endorsement for a green bank that went bust, a creditor list nobody was supposed to read, a 14 year federal sentence, and a frozen trade to Toronto. There is also a scrapped ad campaign so strange it deserves its own segment (27:43).\nThe show closes with a World Cup edition of Culture Corner (38:39). The final lands at MetLife on Sunday, and the American run was secretly a credit investing story. One text, one very large check, one Griffin (35:52). Producer Tanya road trips through AC refrigerant safety on the way out.\n----more----\nHosted by Jason Sanjana and Kevin Eckhardt\nProduced and Edited by Tanya Hubbard\nA Production of The Octus Podcast Network","thumbnail_url":"https://img.transistorcdn.com/4vF7TXCA6_1-8f7efSzXVy05ouzAcAGQfQLHt7hd6vQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9iOWJi/OGI2ZmJmYzI0Nzdk/YzQyZThmNmVlYmQ1/YzM5Yi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}