August 4, 2021 |
Minicuotas Ribeiro, a chain of home goods stores in Argentina, said late Monday that it has filed for bankruptcy protection as the country struggles to pull out of an economic crisis in its fourth year.
"The decision was not easy for a family business that is more than 110 years old, which together with the country has overcome countless crises," CEO Manuel Ribeiro said in a statement.
The company, which started out as a jewelry and watch store in 1910, expanded in the 1990s and 2000s to more th
Argentine home goods retailer seeks protection from creditors as the COVID-19 pandemic depresses sales