Retail Woes: A Running List of Fashion & Retail Bankruptcies
The Fashion Law
JUNE 10, 2021
This is followed by the debtor proposing and executing a reorganization plan, which may be used to compromise or even eliminate certain classes of debt. Solstice revealed that its brick-and-mortar stores took a significant hit amid COVID-19, with sales in 2020 down by 50 percent on a year-over-year basis. “We ” 2020.
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