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PREIT Eyes Early December Bankruptcy Exit

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Pennsylvania Real Estate Investment Trust is eyeing an early December bankruptcy exit after a Delaware court approved its restructuring plan this week. On Monday, the United States Bankruptcy Court for the District of Delaware confirmed the company’s prepackaged financial restructuring plan, setting it up to emerge from voluntary Chapter 11 in early December, said PREIT,…

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