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What happened to Trans World Entertainment after the Credit Lyonnais scandal?

  • It went bankrupt

  • It merged with another company

  • It was foreclosed and sold to MGM

  • It rebranded and continued operations

Answer

Following the Credit Lyonnais banking scandal, Trans World Entertainment was foreclosed on by the bank and subsequently folded into Metro-Goldwyn-Mayer (MGM) for sale.
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