Mall operator CBL files for Chapter 11 bankruptcy protection ...Middle East

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Mall operator CBL files for Chapter 11 bankruptcy protection
source : Devdiscourse ( Middle East ) () 38
Shopping mall operator CBL & Associates Properties Inc voluntarily filed for Chapter 11 bankruptcy protection on Sunday, becoming the latest mall operator seeking to restructure its operations as the COVID-19 crisis caused prolonged closures. Mall operators in the U.S. have been strapped for cash amid the pandemic as people have stayed indoors and resorted to online shopping.

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