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- Keep the majority of the stores open and retain the majority of the employees;
-Support Company motions to maintain critical vendor relationships and payments; and
- Support Company motions to honor gift cards and the Company’s loyalty reward program.
The sale process is expected to enable a sale of the business to CCMP Capital or any higher and better bidder approved by the Court on an accelerated basis, thereby transforming the business into a financially stronger entity with substantially less debt and a better position for the future. The Company currently anticipates completing the sale process in 60 days or less.
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