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Robinson Department Store Seeks to Buy Back Debt.
Byline: Sukanya Jitpleecheep
Dec. 5--Robinson Department Store Plc is negotiating to buy back three billion baht in debt from its creditors in a move to achieve greater management freedom to run the country's third largest department store chain.
President Preecha Ekkunagul said yesterday that some creditors had agreed to the proposal but others remained opposed.
However, he said the buy-back could be concluded by January, and that Robinson would borrow the funds required from banks and financial institutions.
"Though we would still have the same debt, we would have greater freedom to manage the operation and decide on issues when ...
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