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Belk Plans Chapter 11 Reorg to Eliminate $450M Debt

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

The ownership of Belk department store will be shifting following a financial restructuring between private equity firm Sycamore Partners and the retailer’s lenders, which include KKR and Blackstone Credit. Under the terms of the new restructuring support agreement, Sycamore will retain majority control of the department store company it purchased for $3 billion more than…

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