U.K. Retailer Matalan to File for U.S. Bankruptcy Protection
- U.S. court protection is part of broader debt restructuring
- London court already approved Matalan’s debt overhaul
Customers shop in a Matalan store in Dartford, U.K. in 2006.
Photographer: Suzanne Plunkett/Bloomberg
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U.K. discount retailer Matalan will file for Chapter 15 court protection in the U.S. on Wednesday as part of broader measures to buttress its balance sheet in the aftermath of pandemic-inflicted closures.