Ascendia Brands Seeks Buyer As It Files For Ch. 11
Ascendia filed the voluntary petition for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware, citing $194 million in assets and $279 million in total debts.
The Hamilton, NJ-based beauty care company determined that a sale of the business is the most viable way forward rather than a stand-alone reorganization, even...
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