Grupo Famsa, S.A.B. de C.V. filed a motion in the US Bankruptcy Court seeking the dismissal of its Chapter 11 bankruptcy case on July 14, 2020. As per the dismissal motion, the Debtor has determined that its Plan for restructuring of the 2020 Notes, formulated after extensive negotiations with parties in interest, is no longer feasible. Nor does the Debtor believe that it could put forth an alternative plan in a reasonable timeframe to effectuate a restructuring of the 2020 Notes. Accordingly, the Debtor submits that dismissal of the Chapter 11 Case is in the best interest of creditors and the estate.