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Discount retailer Century 21 files for Chapter 11 bankruptcy and is closing all of its 13 stores

September 10, 2020

Via: CNBC
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The discount department store chain Century 21 has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores, it announced Thursday, joining the dozens of other retailers that have been pushed to the brink during the pandemic.

It said the decision stemmed from its insurance providers declining to pay roughly $175 million due in policies to protect Century 21 from the losses it has suffered throughout the coronavirus pandemic.

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