Struggling retailer to sell brand in $1 billion deal amid debt crisis
NegativeFinancial Markets

A struggling retailer is set to sell its brand in a $1 billion deal, just months after its acquisition. This decision highlights the ongoing challenges the retailer faces, including mounting debt and tough industry conditions. The sale is significant as it reflects the broader issues within the retail sector, where many companies are grappling with financial instability.
— Curated by the World Pulse Now AI Editorial System