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       T R O U B L E D   C O M P A N Y   R E P O R T E R

                 L A T I N   A M E R I C A

          Wednesday, November 18, 2020, Vol. 21, No. 231

                           Headlines



A R G E N T I N A

ARGENTINA: To Seek New Extended Facility to Replace Failed Program
EDENOR: Posts ARS2.6-Bil. Loss for the Quarter Ended June 30, 2020


B R A Z I L

B2W COMPANHIA: S&P Assigns 'BB' Global Scale Issuer Credit Rating
BRAZIL: Municipal Ballot Brings Bad Tidings for Bolsonaro, Lula


C H I L E

LATAM AIRLINES: Posts $573MM Loss on Coronavirus Restrictions


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Declares Cocoa to be of High National Interest
DOMINICAN REPUBLIC: Official Cites Importance of MOU w/ US Entity


J A M A I C A

JAMAICA: BOJ Again Intervenes in Foreign Exchange Market


M E X I C O

GRUPO AEROMEXICO: To Reactivate Travel Destinations Throughout 2021


P E R U

PERU: Embraces Innovation to Tackle Covid-19 Crisis


P U E R T O   R I C O

ASCENA RETAIL: $44M Sale of Tween Interests to Justice Approved


T R I N I D A D   A N D   T O B A G O

TRINIDAD & TOBAGO: Vegetable Prices Rise for Divali

                           - - - - -


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A R G E N T I N A
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ARGENTINA: To Seek New Extended Facility to Replace Failed Program
------------------------------------------------------------------
Eliana Raszewski at Reuters reports that Argentina will seek an
Extended Fund Facility (EFF) from the International Monetary Fund
(IMF) to replace a failed $57 billion facility, Economy Minister
Guzman said, potentially buying the South American country more
time to make repayments.

The EFF is a longer-term program that typically requires more
economic reforms than a standby agreement, according to Reuters.
Argentina would expect to repay the IMF between four and a half
years and 10 years after the start of the agreement, Guzman said,
adding that he aimed to secure a new deal by April, the report
notes.

A longer-term deeper structural reform package as part of an EFF
could be a positive signal for investors who are looking to the
government for a commitment to a sustainable economic plan, the
report relays.

Argentina has recently emerged from a sovereign default after
restructuring almost $110 billion in foreign currency bonds, the
report relays.  It faces formal talks with an IMF mission starting
for a deal to replace the 2018 agreement, which has already seen
around $44 billion disbursed, the report discloses.

Argentina was looking for funds "to meet all maturities, capital
plus interest," Guzman said, the report says.

"The staff of the IMF and the Argentine government considered that,
in the current circumstances, this type of program is the best
choice," Guzman said to journalists, the report notes.

A mission from the IMF is due to start negotiations with the
government and will stay in Argentina for about two weeks, Guzman
said, the report discloses.  Argentina and the IMF will advance
with Article IV talks, Guzman added, which would allow the IMF to
inspect Argentina's accounts, the report says.

The Ministry of Economy said earlier that it would send a bill to
Congress that would establish the legislature as the final approver
of agreements with the IMF and the issuance of new foreign debt,
the report relays.

The bill would mean no IMF deal could go ahead without Congress
support nor could the government issue foreign debt without backing
from lawmakers, the report adds

                         About Argentina

Argentina is a country located mostly in the southern half of South
America.  It's capital is Buenos Aires. Alberto Angel Fernandez is
the current president of Argentina after winning the October 2019
general election. He succeeded Mauricio Macri in the position.

Argentina has the third largest economy in Latin America.  The
country's economy is an upper middle-income economy for fiscal year
2019 according to the World Bank.

Historically, however, its economic performance has been very
uneven, with high economic growth alternating with severe
recessions, income maldistribution and in the recent decades,
increasing poverty.

Standard & Poor's credit rating for Argentina stands at CCC+ with
stable outlook, which was a rating upgrade issued on Sept. 8,
2020.

Fitch's credit rating for Argentina was last reported at CCC with
n/a outlook, a rating upgrade from CC on Sept. 11, 2020.  DBRS'
credit rating for Argentina is CCC with n/a outlook, a rating
upgrade on Sept. 11, 2020.  Moody's credit rating for Argentina was
last set at Ca, a rating downgrade from Caa2 on April 4, 2020, with
a negative outlook.

As reported by The Troubled Company Reporter - Latin American, DBRS
noted that the recent upgrade in Argentina's ratings (September
2020) follows the closing of two debt restructuring agreements
between the Argentine government and private creditors.  The first
restructuring involved $65 billion in foreign-law bonds.  The deal
achieved the requisite participation necessary to trigger the
collective action clauses and finalize the restructuring on 99% on
the aggregate principal outstanding of eligible bonds.  DBRS added
that the debt restructurings conclude a prolonged default and
provide the government with substantial principal and interest
payment relief over the next four years.

DBRS further relayed that Argentina is also seeking a new agreement
with the International Monetary Fund (IMF) to replace the canceled
2018 Stand-by Agreement.  Obligations to the IMF amount to $44
billion, with major repayments coming due in 2022 and 2023.

EDENOR: Posts ARS2.6-Bil. Loss for the Quarter Ended June 30, 2020
------------------------------------------------------------------
Empresa Distribuidora y Comercializadora Norte S.A. (edenor) filed
its Form 6-K, disclosing a loss of ARS2,557,402,000 on
ARS17,978,204,000 of revenue for the three months ended June 30,
2020, compared to a profit of ARS15,257,061,000 on
ARS26,053,250,000 of revenue for the same period in 2019.

At June 30, 2020, the Company had total assets of
ARS138,784,221,000, total liabilities of ARS73,323,711,000, and
ARS65,460,510,000 in total equity.

The Company said, "Taking into consideration that the realization
of the measures necessary to reverse the manifested negative trend
depends on the occurrence of certain events that are not under the
Company's control, the Board of Directors has raised substantial
doubt about edenor's ability to continue as a going concern, which
may result in the Company's being obliged to defer certain payment
obligations or unable to meet expectations for salary increases or
the increases recorded in third-party costs."

A copy of the Form 6-K is available at:

                       https://bit.ly/3f9S8bA

Empresa Distribuidora y Comercializadora Norte S.A. (edenor), a
public service company, engages in the distribution and sale of
electricity in Argentina. It serves approximately 9 million people
in the northwestern part of the greater Buenos Aires metropolitan
area and the northern part of the City of Buenos Aires through the
concession of 4,637 square kilometers. The company was formerly
known as Empresa Distribuidora Norte Sociedad Anonima and changed
its name to Empresa Distribuidora y Comercializadora Norte S.A. in
June 1996. The company was founded in 1992 and is based in Buenos
Aires, Argentina. Empresa Distribuidora y Comercializadora Norte
S.A. is a subsidiary of Pampa Energia S.A.




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B R A Z I L
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B2W COMPANHIA: S&P Assigns 'BB' Global Scale Issuer Credit Rating
-----------------------------------------------------------------
On Nov. 16, 2020, S&P Global Ratings assigned its 'BB' global scale
and 'brAAA' national scale issuer credit ratings to B2W Companhia
Digital S.A. (B2W), one of the largest Brazilian e-commerce
operators.

Additionally, S&P assigned its 'BB' issue-level rating to B2W
Digital Lux S.a r.l.'s proposed senior unsecured notes, which are
irrevocably guaranteed by B2W. S&P also assigned a '3' recovery
rating to the proposed notes, which indicates a recovery of 50%-70%
(rounded estimate: 50%) in the event of default.

The stable outlook on both scale ratings reflects the one on LASA.
S&P expects the latter to post debt to EBITDA of about 1x,
reflecting the expected capital structure improvements amid capital
increase and rising cash flows in the next 12-18 months.

S&P expects technological investments in data analytics, logistics,
innovation and especially in Online to Offline (O2O) initiatives to
bolster the group's revenue growth in the next few years. During
2020, LASA has accelerated several initiatives as part of its
strategic plan for the next three years to accommodate the rising
demand for online sales due to the pandemic. The number of
distribution centers reached 20 during the year, reducing distance
and time for products to reach the final customer. Such initiatives
enabled B2W to remain among largest online retailers in the
country. O2O's share of physical stores' sales reached 15% of total
during the 3Q20, and S&P expects this percentage to rise further in
the next few quarters.

The parent recently injected about R$3.3 billion into B2W, which
will be used to support business development and reduce debt. By
reducing debt and focusing on cash generation, S&P expects B2W's
credit metrics to converge to those of LASA, which posted adjusted
debt to EBITDA of 1.6x and funds from operations (FFO) to debt of
96.6% in the 12 months ended Sept. 30, 2020. The parent has been
performing capital injections into B2W over the past several years
to support the subsidiary's investment needs, which raised LASA's
stake in total shares to 62.5% from 53.25% in 2006.

BRAZIL: Municipal Ballot Brings Bad Tidings for Bolsonaro, Lula
---------------------------------------------------------------
EFE News reports that candidates supported by right-wing President
Jair Bolsonaro fared poorly in Brazil's nationwide municipal
elections, while the party of popular former head of state Luiz
Inacio Lula da Silva saw its standing as standard-bearer of the
left challenged by an upstart formation.

Facing his first electoral test since taking office in 2019, the
65-year-old army reservist campaigned for 13 mayoral hopefuls ahead
of balloting in 5,569 cities and towns, according to EFE News.

Nine of the Bolsonaro-backed candidates lost outright and two
others advanced to the Nov. 29 second round. The only victories
came in a pair of medium-sized cities with little weight in
national politics: Ipatinga, Minas Gerais state; and Parnaiba,
Piaui, the report notes.

The president's son Carlos Bolsonaro won re-election to a seat on
the Rio de Janeiro city council, though with 36,000 fewer votes
than he got in 2016, the report relays.

In Sao Paulo, the most-populous city in Latin America, rightist
Celso Russomanno finished with just 10.50 percent of the vote, the
report says.

Bolsonaro-endorsed Bruno Engler's challenge to the centrist mayor
of Belo Horizonte, Alexandre Kalil, fell flat, as the incumbent won
another term with more than 63 percent of the vote in the capital
of Minas Gerais, the report discloses.

An ally of the president, evangelical bishop Marcello Crivella, is
at risk of losing the mayor's office in Rio de Janeiro after being
forced into a runoff with center-right candidate Eduardo Paes, who
ended his 2009-2017 tenure running the city under a cloud amid
corruption allegations, the report notes.

"The anti-political wave that elected Bolsonaro in 2018 has lost
force," Claudio Couto, a political analyst with the Getulio Vargas
Foundation, the report discloses.

The report notes that Bolsonaro sought to mobilize his most devoted
supporters by tossing off provocative remarks during what was
supposed to be an event promoting tourism.

Brazil, the president said, needed to stop being a "country of
maricas (sissies)" with regard to Covid-19, which has killed more
that 166,000 people in the giant South American nation -- only the
United States has suffered more deaths -- and infected 5.29 million
people, the report says.

By using the word "marica," traditionally a pejorative term for
gay, Bolsonaro took yet another swipe at the Brazilian LGBT
community while continuing to downplay the pandemic, the report
relays.

The president went on social media to offer his take on the
election results, the report notes.

"The left suffered a historic defeat in these elections, a clear
signal that the conservative wave of 2018 came to stay," he wrote.

But according to Claudio Couto, that "conservative wave" has
shifted from the far right to center-right and the balloting
weakened Bolsonaro as he prepares to seek a second term in 2022,
the report relays.

The main beneficiaries of the trend are the Democrats, led by the
speaker of the lower house of Congress, Rodrigo Maia, and the PSDB,
whose most prominent figure is Sao Paulo state Gov. Joao Doria, who
has clashed repeatedly with Bolsonaro over the handling of the
coronavirus, the report notes.

While Bolsonaro's claim that the Brazilian left lost badly on
doesn't stand up to scrutiny, voters were not kind to Lula's
Workers Party (PT), the report discloses.

For the first time since 1985, the PT failed to win the mayor's
office in any of the 26 state capitals and its candidates qualified
for the second round only in Recife, Pernambuco, and Vitoria,
Espiritu Santo, the report relays.

The PT's biggest setback came in Sao Paulo, where Lula's
hand-picked candidate, Jilmar Tatto, garnered a mere 8.6 percent of
the vote, while homeless movement activist Guilherme Boulos
advanced to a runoff against PSDB incumbent Bruno Covas, the report
says.

Boulos ran under the banner of the PSOL, a party founded 16 years
ago by four lawmakers expelled from the PT for opposing
then-President Lula's plan to overhaul the pension system, the
report notes.

The PSOL grew as the PT became embroiled in scandal and was further
boosted in 2016 when Congress ousted Dilma Rousseff, Lula's
successor and protege, on constitutionally dubious grounds, the
report adds.

                          About Brazil

Brazil is the fifth largest country in the world and third largest
in the Americas.  Jair Bolsonaro is the current president, having
been sworn in on Jan. 1, 2019.

Standard & Poor's credit rating for Brazil stands at BB- with
stable outlook (April 2020).  Moody's credit rating for Brazil was
last set at Ba2 with stable outlook (April 2018).  Fitch's credit
rating for Brazil was last reported at BB- with negative outlook
(May 2020). DBRS's credit rating for Brazil is BB (low) with stable
outlook (March 2018).

As reported in the Troubled Company Reporter-Latin America, Fitch
Ratings' outlook revision in May 2020 for Brazil to negative
reflects the deterioration of Brazil's economic and fiscal outlook,
and downside risks to both given renewed political uncertainty,
including tensions between the executive and congress, and
uncertainty over the duration and intensity of the coronavirus
pandemic.



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C H I L E
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LATAM AIRLINES: Posts $573MM Loss on Coronavirus Restrictions
-------------------------------------------------------------
Fabian Cambero at Reuters reports that LATAM Airlines Group S.A.,
the continent's largest carrier, said it lost $573 million in the
third quarter, as the company continues a bankruptcy restructuring
process that started in May because of the coronavirus pandemic.

Revenue fell 81% in the quarter compared to a year ago, according
to Reuters.

The results "are not a surprise given the context," said LATAM's
Chief Financial Officer Ramiro Alfonsin in a call with reporters,
the report relays.  Like most airlines around the world, LATAM's
domestic flights are recovering at faster pace than international
routes after months of economic restrictions imposed to curb the
virus, the report discloses.

So far this year LATAM has reported a net loss of $3.6 billion.

The airline also burned through more than $200 million in cash
between July and September, although in October it said it got
access to fresh liquidity as part of its Chapter 11 restructuring,
the report adds.

                    About LATAM Airlines

LATAM Airlines Group S.A. -- http://www.latam.com/-- is a
pan-Latin American airline holding company involved in the
transportation of passengers and cargo and operates as one unified
business enterprise.   

LATAM Airlines Group S.A. is the largest passenger airline in South
America. Before the onset of the COVID-19 pandemic, LATAM offered
passenger transport services to 145 different destinations in 26
countries, including domestic flights in Argentina, Brazil, Chile,
Colombia, Ecuador and Peru, and international services within Latin
America as well as to Europe, the United States, the Caribbean,
Oceania, Asia and Africa.

LATAM Airlines Group S.A. and its 28 affiliates sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-11254) on May 25,
2020. Affiliates in Chile, Peru, Colombia, Ecuador and the United
States are part of the Chapter 11 filing.

The Debtors disclosed $21,087,806,000 in total assets and
$17,958,629,000 in total liabilities as of Dec. 31, 2019.

The Hon. James L. Garrity, Jr., is the case judge.

Debtors tapped Cleary Gottlieb Steen & Hamilton LLP as general
bankruptcy counsel; FTI Consulting as restructuring advisor; and
Togut, Segal & Segal LLP and Claro & Cia in Chile as special
counsel. Prime Clerk LLC is the claims agent.



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D O M I N I C A N   R E P U B L I C
===================================

DOMINICAN REPUBLIC: Declares Cocoa to be of High National Interest
------------------------------------------------------------------
Dominican Today reports that President Luis Abinader issued Decree
641-20, which declares the cultivation and export of cocoa of high
national interest to enhance its transcendent social, economic, and
environmental contributions to the country.

This provision seeks to maintain the sustainable development of the
Dominican Republic and achieve the objectives established in the
National Development Strategy 2030, according to Dominican Today.

It instructs the National Cocoa Commission to prepare and present
to the Executive Power, within 60 days after the issuance of this
decree, a medium-term action plan to promote the expansion of cocoa
production and export in conditions of competitiveness and
sustainability, the report adds.

                    About Dominican Republic

The Dominican Republic is a Caribbean nation that shares the island
of Hispaniola with Haiti to the west. Capital city Santo Domingo
has Spanish landmarks like the Gothic Catedral Primada de America
dating back 5 centuries in its Zona Colonial district.  Luis
Rodolfo Abinader Corona is the current president of the nation.

The Troubled Company Reporter-Latin America reported in April 2019
that the Dominican Today related that Juan Del Rosario of the UASD
Economic Faculty cited a current economic slowdown for the
Dominican Republic and cautioned that if the trend continues,
growth would reach only 4% by 2023. Mr. Del Rosario said that if
that happens, "we'll face difficulties in meeting international
commitments."

An ongoing concern in the Dominican Republic is the inability of
participants in the electricity sector to establish financial
viability for the system.

Standard & Poor's credit rating for Dominican Republic stands at
BB- with negative outlook (April 2020). Moody's credit rating for
Dominican Republic was last set at Ba3 with stable outlook (July
2017). Fitch's credit rating for Dominican Republic was last
reported at BB- with negative outlook (May 8, 2020).

DOMINICAN REPUBLIC: Official Cites Importance of MOU w/ US Entity
-----------------------------------------------------------------
Dominican Today reports that Dominican Foreign Minister, Roberto
Alvarez, highlighted the importance of signing the memorandum of
understanding between the Dominican Republic and the Development
Financing Corporation (DFC).

He considers that this agreement enhances the competitive
advantages of the country and will allow to expand the production
base and, above all, to encourage the near shoring of companies
that export to the United States and that seek to leave Asia by
bringing their production closer to their destination market,
according to Dominican Today.

"The memorandum of understanding seeks to facilitate financing for
public and private projects in the Dominican Republic, for which it
has a portfolio of 2,000 million dollars," said the diplomat, the
report notes.  He explains that the memorandum prioritizes
investment in the areas of critical infrastructure, logistics,
energy, tourism and development of MSMEs, the report adds.

                    About Dominican Republic

The Dominican Republic is a Caribbean nation that shares the island
of Hispaniola with Haiti to the west. Capital city Santo Domingo
has Spanish landmarks like the Gothic Catedral Primada de America
dating back 5 centuries in its Zona Colonial district.  Luis
Rodolfo Abinader Corona is the current president of the nation.

The Troubled Company Reporter-Latin America reported in April 2019
that the Dominican Today related that Juan Del Rosario of the UASD
Economic Faculty cited a current economic slowdown for the
Dominican Republic and cautioned that if the trend continues,
growth would reach only 4% by 2023. Mr. Del Rosario said that if
that happens, "we'll face difficulties in meeting international
commitments."

An ongoing concern in the Dominican Republic is the inability of
participants in the electricity sector to establish financial
viability for the system.

Standard & Poor's credit rating for Dominican Republic stands at
BB- with negative outlook (April 2020). Moody's credit rating for
Dominican Republic was last set at Ba3 with stable outlook (July
2017). Fitch's credit rating for Dominican Republic was last
reported at BB- with negative outlook (May 8, 2020).



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J A M A I C A
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JAMAICA: BOJ Again Intervenes in Foreign Exchange Market
--------------------------------------------------------
RJR News reports that the Bank of Jamaica intervened in the foreign
exchange market, for the second time last week.

It is also the sixth time in two months, according to RJR News.

The Central Bank offered US$15 million to authorized dealers and
cambios, the report notes.

That increased its total injection over the last two months to
US$110 million, the report relays.

The Central Bank again restricted the sale price at a maximum
spread of 20-cents above the buy price and restricted resale to
end-users, the report discloses.

It offered US$20 million to authorised dealers and cambios, the
report adds.

                     About Jamaica

Jamaica is an island country situated in the Caribbean Sea. Jamaica
is an upper-middle income country with an economy heavily dependent
on tourism.  Other major sectors of the Jamaican economy include
agriculture, mining, manufacturing, petroleum refining, financial
and insurance services.

Standard & Poor's credit rating for Jamaica stands at B+ with
negative outlook (April 2020).  Moody's credit rating for Jamaica
was last set at B2 with stable outlook (December 2019).  Fitch's
credit rating for Jamaica was last reported at B+ with stable
outlook (April 2020).

As reported in the Troubled Company Reporter-Latin America, Fitch's
revision of Jamaica's outlook in April 2020 to Stable from Positive
reflects the shock to Jamaica from the coronavirus pandemic, which
is expected to lead to a sharp contraction in its main sources of
foreign currency revenues: tourism, remittances and alumina
exports.



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M E X I C O
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GRUPO AEROMEXICO: To Reactivate Travel Destinations Throughout 2021
-------------------------------------------------------------------
Stefanie Eschenbacher at Reuters reports that Mexican carrier Grupo
Aeromexico will continue to reactivate travel destinations
throughout next year, an executive said, adding that there is still
much uncertainty stemming from the coronavirus pandemic.

The country's largest carrier filed for Chapter 11 bankruptcy
protection in a U.S. court earlier this year and has since tried to
shore up its finances, according to Reuters.

"We'll continue to reactivate but a lot will depend on possible
resurgences of the virus as well as on the vaccine," Giancarlo
Mulinelli, the carrier's vice president of global sales, said in an
interview, the report notes.

Mulinelli forecast that the industry, one of the worst-hit by the
coronavirus pandemic, would probably not make a full recovery
before 2022, the report relays.

"We're seeing a recovery, when compared with 2019, until 2022," he
added, Reuters relates.

                         About Grupo Aeromexico

Grupo Aeromexico, S.A.B. de C.V. -- https://www.aeromexico.com/ --
is a holding company whose subsidiaries are engaged in commercial
aviation in Mexico and the promotion of passenger loyalty
programs.

Aeromexico, Mexico's global airline, has its main hub at Terminal 2
at the Mexico City International Airport.  Its destinations network
features the United States, Canada, Central America, South America,
Asia and Europe.

Grupo Aeromexico and three of its subsidiaries sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 20-11563) on June 30,
2020.  In the petitions signed by CFO Ricardo Javier Sanchez Baker,
the Debtors reported consolidated assets and liabilities of $1
billion to $10 billion.

Timothy Graulich, Esq., of Davis Polk and Wardell LLP, serves as
counsel to the Debtors.



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P E R U
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PERU: Embraces Innovation to Tackle Covid-19 Crisis
---------------------------------------------------
EFE News reports that for Peru, innovation and entrepreneurship are
the way out of the crisis caused by the Covid-19 pandemic, in a way
that "for every problem there is an opportunity" and only with new
ideas can the tough choice between "health and the economy" be
avoided.

Starting Nov. 3, Innovate Peru Summit 2020, the largest event in
the country for entrepreneurs, investors, innovators, business
associations, universities, multilateral stakeholders and in
general everyone interested in the innovation and development
ecosystem of new companies and businesses, will demonstrate,
according to EFE News.

Throughout the week, the forum will offer, free of charge and in
digital format, a series of conferences, panels, lectures and
debates to share knowledge, identify opportunities and address the
challenges of innovation as a tool and engine to face the future
and to find a way out of the Covid-19 crisis, says the report.

THE ANSWER

"Innovation. We have realized that this is the answer to the great
dilemma we have lived these last ten months. What to prioritize,
the economy or health? And clearly innovation is what makes it
possible that we do not have to sacrifice any of that," Rosmary
Cornejo, executive director of the Peruvian Ministry of
Production's National Innovation Program for Competitiveness and
Productivity - Innovate Peru, explained to EFE.

The organization is responsible for an event which this year will
be held at a very complicated moment, but it highlights the
interest in innovation as a solution and as a necessary and
essential government policy.

"We have already seen in these months that innovation has revived
companies, such as home delivery services, which have succeeded
despite the pandemic and have served as a tool for many companies
to bring products to their customers… innovation is the answer,"
Cornejo said, notes the report.

According to EFE, more than an exchange of information and
knowledge, Innovate Peru Summit 2020 seeks to put in contact the
stakeholders that form part of the innovation ecosystem, both local
and foreign, who will be able to participate free of charge by
registering on the event's website.

"In our first year we sought to put the theme of innovation on the
public agenda ( . . . ). This was achieved and we had about 1,500
participants, a significant number. This year we want to focus on
this new world, on the new situation that nature has presented us,
not to withdraw and say that everything is lost, but to see that
for every problem, there is an opportunity," the report quoted
Cornejo as saying.

This summit aims "to take advantage of the great opportunity" that
the crisis offers "for innovation in all fields: health, education,
the economy, finance, trade," the Peruvian said.

GLOBAL AND DIGITAL

EFE relates that in this sense of "opportunity", Innovate Peru
Summit 2020 will be attended by leading international experts in
innovation, such as Saul Singer, who will give a presentation on
Israel's entrepreneurial culture, and Harold Salomon from Georgia
Tech's Venture Lab in the United States.

Entrepreneurs from Latin America will also participate, such as the
founder and CEO of Platzi, the Colombian Freddy Vega; Mariana
Costa, co-founder and CEO of Laboratoria, and Simon Borrero, head
of Rappi.

There will also be a space at the forum for public innovation
agencies in Latin America to share their experiences and to discuss
public policies for the promotion of this new form of the economy.

“Of course, this will be an online meeting, for attendees and
participants, but it will be innovative because we have created a
physical space, where you can have face-to-face participation in
order to make the event more interactive. We want to help everyone
take advantage of it," Cornejo said, the report relates.

The forum will be divided into seven thematic blocks: disruptive
innovation, future companies, disruption in education, financial
inclusion and high impact investments, innovation ecosystems and
open innovation, innovative MSMEs and public policies on
innovation.

The event will also have a virtual fair for services for innovative
companies and enterprises, where they can contact the programs and
agencies of Peru's Ministry of Production and public and private
sector institutions, dedicated to promoting innovative start-ups,
EFE adds.




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P U E R T O   R I C O
=====================

ASCENA RETAIL: $44M Sale of Tween Interests to Justice Approved
---------------------------------------------------------------
Judge Kevin R. Huennekens of the U.S. Bankruptcy Court for the
Eastern District of Virginia authorized Ascena Retail Group, Inc.
and affiliates to sell their right, title, and interest in and to
certain Tween Brands, Inc. to Justice Brand Holdings, LLC for $44
million, plus the assumption of Assumed Liabilities, on the terms
of their Asset Purchase Agreement, dated as of Oct. 20, 2020.

The sale is free and clear of all Claims, Encumbrances and
Interests of any kind or nature whatsoever, with all such Claims,
Encumbrances and Interests (as applicable) to attach to the cash
proceeds of the Purchase Price ultimately attributable to the
property.

Notwithstanding the foregoing, or anything in the Order to the
contrary, and notwithstanding any federal, state, local or other
laws, rules or regulations purporting to impose any notice, filing,
due diligence or other requirement, the provisions of the Sale
Order authorizing the sale and assignment of the Acquired Assets
free and clear of Claims, Encumbrances and Interests (other than
any Assumed Liabilities and Permitted Encumbrances) will be
self-executing.

In accordance with the APA, the Purchaser will be authorized, as of
the Closing Date, to operate under any license, permit,
registration, and governmental authorization or approval of the
Debtors with respect to the Acquired Assets and the Sale.  To the
extent the Purchaser cannot operate under any Licenses in
accordance with the previous sentence, such Licenses will be in
effect while the Purchaser, with assistance from the Debtors, works
promptly and diligently to apply for and secure all necessary
government approvals for new issuance of Licenses to the Purchaser.


The Debtors are authorized to (a) assume and assign to the
Purchaser, in accordance with the terms of the APA, each of the
Assigned Contracts free and clear of all Claims, Encumbrances and
Interests (other than Permitted Encumbrances), and (b) execute and
deliver to the Purchaser such documents or other instruments as the
Purchaser deems may be necessary to assign and transfer the
Assigned Contracts to the Purchaser.

The Bid Protections are approved and the Debtors are authorized to
incur and pay the Bid Protections.

The Asset Purchase Agreement dated Nov. 11, 2020 between the
Debtors and the Back-Up Bidder and all other ancillary documents,
and all of the terms and conditions thereof, solely as a back-up
bid, are approved.  If the APA is terminated for any reason prior
to the Back-Up Bid Termination Date, the Debtors will be
authorized, but not required, to consummate the Transaction with
the Back-Up Bidder on the terms set forth in the Back-Up Bid, as
soon as reasonable practicable without further order of the Court,
provided that the Debtors shall, if reasonably requested by the
Back-Up Bidder, seek amendments to this Sale Order consistent with
the Back-Up Bid and as otherwise requested by Back-Up Bidder.

In the event that the Debtors consummate the Transaction on the
terms of the Back-Up Bid, the Back-Up Bidder will benefit in all
respects from the factual findings and orders related to the
Purchaser contained in the Sale Order, subject to any modification
of the Sale Order.

On the earliest to occur of (i) Dec. 19, 2020; (ii) the Closing; or
(iii) the release of the Back-Up Bid by the Debtors, the Back-Up
Bid will terminate and the Back-Up Bidder will be released from any
obligations pursuant to the Back-Up Bid, provided that the Back-Up
Bidder may, in their sole discretion, extend the Back-Up Bid
Termination Date.  Within three business days of the Back-Up Bid
Termination Date, the Debtors will return the Back-Up Bidder's
deposit and pay the $500,000 break fee to the Back-Up Bidder.

Unless otherwise agreed to by Comenity Bank in a separate written
agreement, the Co-Brand and Private Label Credit Card Program
Agreement by and between Comenity, Ascena Retail Group, Inc. and
Certain Affiliates Thereof, and Maurices, Inc. dated as of June 21,
2019 will not be assumed and assigned to the Purchaser as an
Assigned Contract.   

Additionally, notwithstanding any provision of this Sale Order or
the APA to the contrary, Comenity will be permitted to continue the
use of the (x) stylized Justice name up to June 1, 2021 and (y)
un-stylized Justice name from June 1, 2021 until such time as the
private label open-ended credit card accounts are fully processed,
collected and closed, in each case, solely as necessary for
Comenity to process, service and collect any balances on such
accounts.

The Sale Order constitutes a final order.

Notwithstanding any provision in the Bankruptcy Rules or Local
Rules to the contrary, for cause shown, pursuant to Bankruptcy Rule
6004(h), the Sale Order will not be stayed, will be effective
immediately upon entry, and the Debtors and the Purchaser are
authorized to close the Transaction immediately upon entry of the
Sale Order.   

For the avoidance of doubt, nothing in the Sale Order or in the APA
amends, modifies, or alters the Debtors' obligations under the
Assigned Contracts and section 365(d)(3) of the Bankruptcy Code.  

A copy of the APA is available at https://tinyurl.com/y6syzwy2 from
PacerMonitor.com free of charge.

                   About Ascena Retail Group

Ascena Retail Group, Inc. (Nasdaq: ASNA) --
http://www.ascenaretail.com/-- is a national specialty retailer
offering apparel, shoes, and accessories for women under the
Premium Fashion (Ann Taylor, LOFT, and Lou & Grey), Plus Fashion
(Lane Bryant, Catherines and Cacique), and Value Fashion
(Dressbarn) segments, and for tween girls under the Kids Fashion
segment (Justice).  Ascena, through its retail brands, operates
ecommerce websites and approximately 2,800 stores throughout the
United States, Canada, and Puerto Rico.

Ascena Retail reported a net loss of $661.4 million for the fiscal
year ended Aug. 3, 2019, a net loss of $39.7 million for the year
ended Aug. 4, 2018, and a net loss of $1.06 billion for the year
ended July 29, 2017.

On July 23, 2020, Ascena Retail Group and its affiliates sought
Chapter 11 protection (Bankr. E.D. Va. Case No. 20-33113).  As of
Feb. 1, 2020, Ascena Retail had $13,690,710,379 in assets and
$12,516,261,149 in total liabilities.

The Hon. Kevin R. Huennekens is the case judge.

The Debtors tapped Kirkland & Ellis LLP and Cooley LLP as
bankruptcy counsel, Guggenheim Securities, LLC as financial
Advisor, and Alvarez and Marsal North America, LLC as
restructuring
advisor.  Prime Clerk, LLC, is the claims agent.



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T R I N I D A D   A N D   T O B A G O
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TRINIDAD & TOBAGO: Vegetable Prices Rise for Divali
---------------------------------------------------
Trinidad Express reports that vegetable prices have skyrocketed
days before the Hindu festival of Divali.

But vendors and farmers say high prices were caused by floods, and
reduced production as a result Covid-19 restrictions, according to
Trinidad Express.

While many consumers have expressed worry about high produce
prices, some recalled that the increases were common at this time
of year, the report notes.

Vendors and farmers have also defended their prices in the context
of the ongoing pandemic and of a more subdued Divali celebration
this year, saying they will not make the same profits as they
normally do, the report relays.

In just over a week, the price of tomatoes per pound has increased
by almost $10, going from around $12 per pound to as much as $22 in
some markets, the report notes.

Tomatoes are a Divali staple, used to make the much-loved tomatoes
choka and are a key ingredient in vegetarian dishes that form part
of the celebration of the annual Festival of Lights, the report
says.

Hindus would have embarked on a fast from meat and animal products
before the holy day, which is being celebrated in Trinidad and
Tobago.

Melongene, the star of such dishes as baigan choka, has also seen
an increase from as low as $5 per pound up to three weeks ago to
$12-$15 per pound, the report notes.

Melongene and tomatoes were also not plentiful at the markets,
while the National Agricultural Marketing and Development
Corporation's (Namdevco) daily price tracker placed the wholesale
cost of tomatoes at $33.07 per kilogram (or 2.2 lbs), the report
relates.

The celebrations will take place under public health restrictions
aimed at reducing the spread of the Covid-19 virus, the report
notes.

The festival usually sees big gatherings of families and
communities coming together on Divali evening, over East Indian
food and the traditional lighting of clay deyas, the report relays.
However, groups larger than ten people are currently not allowed.

A number of large Divali events, including the hugely popular
Divali Nagar in Chaguanas, will be held virtually, the report
discloses.  Some vendors said the shrunken celebrations mean less
cooking this Divali and therefore, fewer sales. Some products are
also scarcer than usual, including chataigne and mango, the report
notes.

Wetter conditions this rainy season, as well as flooding in parts
of South, Central and East Trinidad, were also blamed for high
tomato and melongene prices, the report notes.

The farmer said prices of green seasonings had gone up for similar
reasons, noting that chive bundles were going at $3 each two weeks
ago but were now priced at $5 each or, in San Juan and Central
markets, three bundles for $10, the report relays.

                  Peppers Hot, Cucumber Prices Cool

Hot pepper prices are hot this season, having gone from a wholesale
price of $200 for 40 lbs about three weeks ago, to $500 for the
same amount -- resulting in some retailers selling at $2 per
pepper, the report relays.

The increase was blamed on supply and demand, as well as bad
weather, which mostly impacted ground-level crops, the report
notes.

Patchoi was scarce and going for $10-$12 per bundle, while
cauliflower was all but absent the past week and is being sold
around $15 a pound where available, the report relates.

Imported cauliflower was more prevalent, even in the fresh markets,
and vendors said customers were paying up to $30 per head, the
report discloses.

Bodi was $10 a bundle, with the wholesale price pegged at $60 per
five-lb bundle on Namdevco's price tracker, the report notes.

Another vine-grown crop, cucumber, was plentiful and going for
about $3 per pound at most vendors, the report says.

The agency also placed the price per kilogram of pumpkin at $5.51
and this was reflected at the markets with retail prices per pound
of around $4, the report notes.

Ochroes remained mostly steady at $15 per 100, with most retailers
selling two to three ochroes per dollar. Dasheen bush was selling
at between $8 and $10 per bundle in two markets visited by the
Express and was plentiful, the report discloses.

A number of people who were preparing to celebrate said they were
unaffected by the prices, which they called "normal" for this time,
the report relays.

Others said the higher prices of some items were made irrelevant by
the pandemic restrictions, as they would not be hosting as many
guests this year, the report relates.

Namdevco has continued to encourage the public to support its
farmers' markets, which aim to reduce the cost of fresh produce
from farm to table, the report notes.


                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

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