Houston — Citing struggles stemming from the rise of e-commerce, fashion retailer Charming Charlie has filed for Chapter 11 bankruptcy protection. During the Chapter 11 process, which was filed on December 11, 2017, the Houston-based fashion retailer plans to restructure its debt while maintaining and operating a majority of its stores, as well as its online platform.
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Los Angeles — BCBG Max Azria Group, LLC (BCBG) and certain of its affiliates have reached an agreement on a comprehensive restructuring which contemplates the sale of substantially all the assets of the company through a Chapter 11 plan to Marquee Brands LLC and Global Brands Group Holding Limited.
New York City — Soupman, Inc. has filed for Chapter 11 bankruptcy protection. Soupman also has secured a new $2 million debtor-in-possession credit facility (DIP) to allow business operations to continue as normal. Michael Wyse of Wyse Advisors, LLC has been hired as chief restructuring officer and interim CFO of Soupman.
Columbus, Ohio — Limited Stores, LLC, parent company of women’s fashion apparel retailer The Limited, has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The retailer began closing all 250 of its stores earlier this month.
New York City — Aéropostale, Inc. has taken the next steps in its ongoing business transformation by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. The company has posted an initial store closure list of 113 U.S. locations, as well as all 41 stores in Canada.
Baldwyn, Miss. — Hancock Fabrics, Inc., a leading retailer in fabric, sewing and accessories, and its wholly owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Approximately 70 stores will close as part of the restructuring.