It is, of course, sincerely regrettable that our recovery plans include any store closures, but sadly that's necessary if we're to achieve our goal of securing the future of thousands of jobs and hundreds of stores.
Ebusco has reached an agreement on restructuring loans due mid-August 2025, aiming to convert them into liquidity, but requires significant liquidity to continue operating.
Liability Management Exercises (LMEs) have emerged as a simpler alternative to bankruptcy for restructuring debts, but their recent failure rates indicate a troubling trend in financial recovery.