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KKR-backed Collected Group files for bankruptcy: WSJ

The Collected Group, a fashion company backed by KKR, has filed for bankruptcy, reported the Wall Street Journal.

The Collected Group, a fashion company backed by KKR, has filed for bankruptcy, reported the Wall Street Journal. The news outlet noted that KKR is Collected’s largest owner and secured lender, and “is backing a turnaround plan that would leave landlords and other unsecured creditors that are owed an estimated $35.5 million unpaid, according to bankruptcy court papers.”

Source: WSJ