YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Department store chain Bon-Ton Stores filed for Chapter 11 bankruptcy protection.
Company officials indicated existing lenders have committed up to $725 million in financing to support operations.
"During this court-supervised process, we plan to continue operating in the normal course and executing on our key initiatives to drive improved performance," CEO Bill Tracy said in a statement.
The operator of 260 retail stores recently announced plans to shutter more than 40 of them.
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