Belk filed for Chapter 11 bankruptcy in Houston late Tuesday, the first step in a reorganization plan that will see its owner, Sycamore Partners, cede a large stake of the company to its lenders while maintaining control.
Source: New feed
Belk files for bankruptcy, pledges no layoffs or store closings
Published in Plattenville
More from PlattenvilleMore posts in Plattenville »
- Bollinger awarded $122 million Navy contract to build unmanned mine hunters
- Cleco aims to revive former coal plant as a $250 million solar power facility
- St. James Parish temporary blocks solar farms, despite pleas from Entergy CEO, advocates
- Piccadilly parent company acquires North Carolina cafeteria chain
- Child sex crimes trial for ex-deputy postponed so defense can review 700,000+ evidence files
Be First to Comment