FullBeauty Brands Inc. said Thursday it will file for bankruptcy in New York in late January, having reached a deal with most lenders to hand control to a group of creditors led by Oaktree Capital Management in exchange for slashing $900 million in debt. The New York-based apparel retailer targeting plus-size women has struggled with competition from Amazon.com Inc. and mainstream apparel companies that increasingly cater to its core customers.

Source: Wall Street Journal January 03, 2019 17:15 UTC