Debt Fells Lee Equity's Deb Shops, Co. Files Ch. 11
(Reuters) - Philadelphia-based women's clothing retailer Deb Shops Inc filed for bankruptcy protection in a Delaware court on Sunday as part of a financial restructuring that involves selling the company to a group of senior lenders. Abelco Finance provided a stalking horse bid; Lee Equity will also receive a stake in the company going forward.
27 June 2011•2 mins read
