Leslie’s Pool Supplies filed for Chapter 11 bankruptcy and the first reaction is panic, but the more important question is what it reveals about where the pool industry is headed. We walk through what Chapter 11 actually means, why it doesn’t automatically mean “going out of business,” and how a restructuring can keep a brand alive while creditors end up controlling the company. We also talk about the likely impact of closing roughly 150 underperforming locations and what that could mean for ...