Arcapita, a Bahraini Investment Firm once worth $7.4 billion, filed for bankruptcy protection on Monday. Arcapita failed to extend $1.1 billion in credit that would have expired on Wednesday. Arcapita owns the Viridian Group, Pods, and J. Jill. After filing chapter 11, Arcapita seeks to restructure its debt and improve the future of the company.
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Editorial Staff
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