by kleinbl00

But even a business model that “remains a compelling proposition over the long term” wasn’t enough to immunize the company from a decline in mall traffic, which fell around 8 percent year-over-year, Huckins said in a court affidavit. The company also had too much debt, costing it $183 million a year alone in interest payments, he said.

18,000 employees, 3,600 locations worldwide. But they're going to restructure this through the help of private equity and then everything is going to be fine. It's going to be just fine.