The company, also known as FRG, will seek Chapter 11 protection with a plan in place for senior lenders including HPS Investment Partners to take control of the firm, said the people, who asked not to be identified discussing private preparations.
FRG’s troubles have been at the center of turmoil surrounding major ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.