DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister ...
Read More »Brazilian retailer Americanas files for Chapter 15 bankruptcy
Bloomberg Brazilian shopping chain Americanas SA filed for Chapter 15 bankruptcy, a move that protects its US assets while insolvency proceedings play out in its home country. Representatives for Americanas filed the bankruptcy petition in Manhattan. Chapter 15 bankruptcy filings stop creditors from seizing a company’s assets in the US. The retailer nosedived in January after becoming mired in ...
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