Brief: Tuesday Morning Corp Files Chapter 11 To Support Reorganization And Transformation

Tuesday Morning

14/02/2023 13:05

Feb 14 (Reuters) - Tuesday Morning Corp  TUEM.PK :
    * TUESDAY MORNING CORP. FILES CHAPTER 11 TO SUPPORT
REORGANIZATION
AND TRANSFORMATION
    * TUESDAY MORNING CORP - SECURES $51.5 MILLION
DEBTOR-IN-POSSESSION FINANCING COMMITMENT
    * TUESDAY MORNING CORP - INTENDS TO CLOSE STORES IN
LOW-TRAFFIC
REGIONS WHILE ALLOCATING PROPER RESOURCES TO REMAINING STORES IN
HIGH-TRAFFIC REGIONS
    * TUESDAY MORNING CORP - PLANS TO REALIZE SIGNIFICANT COST
REDUCTIONS AND NEW EFFICIENCIES ACROSS ITS DISTRIBUTION CHANNELS

Source text for Eikon:  ID:nBw1h0G9Ma 
Further company coverage:  TUEM.PK 
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