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Reuters Legal: IN BRIEF: Francesca’s files liquidation plan following January saleMay 06, 2021
After initially filing for bankruptcy in December 2020, Francesca’s has now issued its liquidation plan, Reuters Legal reported. The women’s clothing and accessories store’s sales were impacted by the COVID-19 pandemic, which forced the company to shutter one-third of its brick-and-mortar locations.
O’Melveny partners Maria DiConza and Joseph Zujkowski and senior counsel Diana Perez are representing Francesca’s during its bankruptcy and subsequent asset sale to TerraMar Capital LLC and Tiger Capital Group LLC.
Reuters Legal subscribers can read the full article here.