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Mexican Retailer Grupo Famsa Seeks To Exit Ch. 11 In August

By Rick Archer ( June 30, 2020, 4:44 PM EDT) -- Mexican retail chain Grupo Famsa told a New York bankruptcy judge Tuesday it already has a nearly 99% vote in favor of its prepackaged plan to swap out $59 million in notes for longer-term ones, and that it hopes to emerge from Chapter 11 by the middle of August. . . .

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