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Read More »Busted retailers use bankruptcy to break leases by thousands
Bloomberg With the pandemic intensifying the plight of US retailers, companies from J Crew Group Inc to the owner of Ann Taylor are using Chapter 11 bankruptcy filings to quickly get out of costly, long-term leases and shutter thousands of stores. By seeking court protection, firms like Neiman Marcus Group Inc and the parent company of Men’s Wearhouse avoid the …
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