Sycamore Partners-backed Belk files for bankruptcy: WSJ

Department store chain Belk, which is backed by Sycamore Partners, has filed for chapter 11 bankruptcy, reported Wall Street Journal.

Department store chain Belk, which is backed by Sycamore Partners, has filed for chapter 11 bankruptcy, reported Wall Street Journal. The news outlet noted that the transaction would include $225 million in new funding from Sycamore.

Source: WSJ