Retail News

Mervyns Files Chapter 11, Gets Financing from Wachovia

East Bay Business Times 07/29/2008

Mervyns filed for Chapter 11 bankruptcy protection yesterday and the company said it planned to keep its 177 stores open while it restructures its debt. The company also announced it received a commitment from Wachovia Capital Financial Corp. to provide the chain with $465 million in financing.

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