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Mexican retailer files pre-pack Chapter 11 in New York

Mexican-US retailer Grupo Famsa filed for Chapter 11 in New York /shutterstock.com/Novikov Aleksey

Mexican loan to own retailer Grupo Famsa has filed a pre-packaged Chapter 11 plan to restructure a single series of notes that were due in June, after covid-19 prevented it from refinancing them with further borrowing. By Jordan Fermanis

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