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Fullbeauty on Track to Break Record for Fastest U.S. Bankruptcy

Feb. 4, 2019, 9:27 PM

Fullbeauty Brands Inc., the women’s plus-size retailer, is on path to set a record for fastest U.S. bankruptcy after taking less than 24 hours to win court approval for its plan to restructure the company.

The company had support from all its stakeholders when it filed for Chapter 11 status on Sunday in the U.S. Bankruptcy Court in White Plains, N.Y. Fullbeauty, which had more than $1 billion of borrowings, is cutting around $900 million of debt through the bankruptcy process, allowing it to cut the cash it has to funnel toward interest payments while it turns itself around.

Judge ...