The U.S. arm of L’Occitane en Provence has filed for Chapter 11 bankruptcy protection as it looks to cut costs and reduce its store portfolio amid pandemic-related business disruption.
Belk on Tuesday said it has filed for Chapter 11 bankruptcy protection with a plan to recapitalize its business and reduce its debt burden by approximately $450 million.
The nation’s leading retail groups support President Biden’s first executive, which urges Americans to wear masks for 100 days and requires their use on federal property in an effort to control the spread of COVID-19.