RadioShack Rescue Deal Clears Bankruptcy Court

After filing bankruptcy earlier this year, RadioShack is making a comeback. The hedge fund, Standard General LP, was the highest bidding lender in the company’s takeover. This buyout will reopen over 1,700 stores nationwide, thus restoring over 7,000 jobs. However, the battle for RadioShack and Standard General is not over. The leading lender rival, Salus Capital Partners, owns intellectual property rights to RadioShack, and they intend to use this to their advantage. Salus is owed $150 million, which could be subsidized by selling the intellectual property to Standard General, or a higher bidder. With this deal, bondholders, suppliers and landlords of RadioShack will receive little to none of the $500 million they are due. 

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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