Another 1,300 staff were already terminated earlier this year.
Following closures of its various locations amid the coronavirus pandemic.
Competing against an existing $600 million USD loan from other creditors.
Currently being sued for allegedly misappropriating funds.
Including liabilities, the deal will cost around $300 million USD.
One of America’s retail institutions may be going under.
Suffering from the “siege of media coverage.”
The two companies split in 2015.