Argentine bikini brand MMBI enters preventive competition with $3B debt

MMBI, an Argentine textile firm, filed for preventive competition (concurso preventivo) after an aggressive expansion—including a 1,000 sqm plant and own stores—led to financial distress. Sales collapsed amid tax pressure, leaving over $3,000 million in debt. The case highlights risks of over-leveraged retail expansion in Argentina's volatile economy.

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