Orchard Wins Ch. 11 Plan OK With Golden Gate Deal
At a hearing in the U.S. Bankruptcy Court for the District of Delaware, Judge Kevin Gross signed off on the plan, which will cut the clothing retailer’s debt burden by almost 60 percent to $324.2 million.
Judge Gross said the plan was a “truly excellent result,” especially in light of the 4,000 jobs likely saved...
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