AUSTIN WEINSTEIN
AND CATHERINE MUCCIGROSSO
The Charlotte Observer
Belk, the 133-year-old, Charlotte-based department store chain, will file for Chapter 11 bankruptcy, its owner, the private equity firm Sycamore Partners, said Tuesday.
Along with taking major financial hits during the COVID-19 lockdown, retailers will likely be forced to innovate to survive.
Belk will continue ânormal operationsâ as it goes through bankruptcy, according to a news release from Sycamore. Pending objections, New York-based Sycamore expects to exit bankruptcy by the end of February.
âWeâre confident that this agreement puts us on the right long-term path toward significantly reducing our debt and providing us with greater financial flexibility to meet our obligations and to continue investing in our business,â Belk CEO Lisa Harper said in a statement.
LONDON: Developing countries battling the pandemic should have their debt cancelled by the UK government, MPs have said.The Commons International Development Committee said a “legacy of.
HSBC launches first cashback credit card
27 Jan 2021 - 8:52
Omar Al Ansari, Head of Wealth and Personal Banking at HSBC
The Peninsula
Doha: HSBC has launched its first cashback credit card in Qatar, giving retail customers up to 3 percent cashback on everyday purchases. The HSBC Signature Cashback Credit Card includes a host of additional benefits from Visa Signature, including access to 1000+ airport lounges in more than 300 cities worldwide, over 9,000 ‘Buy 1 Get 1 Free’ offers in Qatar and abroad, Free ENTERTAINER app and a variety of discounts at selected retailers.
In addition to cashback being credited automatically each month, cardholders can select instalment plans of up to 12 months with zero interest rates for their retail purchases.
Chances are there have been a lot of changes since you closed your original mortgage loan. Refinancing your current mortgage could unlock the door to additional financial flexibility: