Department store chain Belk filing for Chapter 11 bankruptcy

Department store chain Belk filing for Chapter 11 bankruptcy

Sycamore Partners will retain majority control of Belk, according to an agreement it reached with some of Belk’s creditors

Belk, the North Carolina-based department store chain which has catered to generations of shoppers for nearly 190 years, announced Tuesday that it will file for Chapter 11 bankruptcy. The chain’s ow… [+1999 chars]

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