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Belk Bankruptcy Spares All 291 Stores

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After stating plans for bankruptcy, Belk officially filed a Chapter 11 petition in a Texas court Wednesday, part of its financial restructuring. The pre-packaged reorganization came after the department store retailer said last month that its owner Sycamore Partners was in talks with the Belk lenders, including KKR and Blackstone Credit, for a restructuring support…

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