FT Due Diligence

How did Hertz bounce back from bankruptcy?

When the pandemic hit America’s shores, it crippled car-rental giant Hertz. Thanks to a massive debt caused by the collapse of the travel and commerce industries, the company filed for bankruptcy in May 2020. But as the FT’s Sujeet Indap reports, Hertz staged an incredible comeback, following the unexpected appearance of Robinhood app users, and a private equity bidding war.

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FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.

FT Due Diligence is a video channel analysing the fast-moving world of M&A, illuminating the trends behind the complex global transactions and how to unlock value from acquisition deals. The channel alternates between independent reporting from FT journalists and insight on global dealmaking from law firm Baker McKenzie.