Bloomberg: Belk Will Pursue Bankruptcy to Restructure $2.6 Billion Debt
Retail TouchPoints
JANUARY 26, 2021
The move would mark a reversal of Belk and Sycamore’s earlier plan , which would have helped the struggling department store avoid bankruptcy altogether. Belk, like other department store retailers, has been struggling under the lockdowns and reduced traffic patterns created by the pandemic.
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