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Belk Outlines Plans for Chapter 11 Bankruptcy

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Belk expects to do a quick in-and-out tour of bankruptcy court to restructure its balance sheet. The department store retailer on Monday confirmed plans to financially restructure its balance sheet through an expedited “prepackaged, one-day” reorganization. The retailer said it will file for Chapter 11 on Feb. 24, 2021, and hold a confirmation hearing on…

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