Private equity firm behind Rudys Barbershop has deal to cut off bankruptcy threat
A private equity firm, Sortis Brands, has negotiated a deal to prevent Rudy's Barbershop from facing bankruptcy due to a disputed $8 million debt. The agreement, which still requires approval from the U.S. Bankruptcy Court in Oregon, seeks to settle issues with creditors and preserve the barbershop chain's operations, which have remained open throughout the financial turmoil.