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(Reuters) - Specialty golf retailer Golfsmith International Inc plans to file for Chapter 11 bankruptcy and creditor protection in Canada as early as Wednesday, the Wall Street Journal reported, citing people familiar with the matter. The restructuring plan of the company includes store closures in the U.S. and the sale of its Canadian retail chain, according to the Journal report. The creditor protection filings include an agreement to sell its Canadian chain Golf Town, to CI Financial Corp and Fairfax Financial Holdings Ltd , two of its largest creditors, the newspaper reported.
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