Boston — Store closing sales are underway at select Perfumania store locations. The nationwide sale is being conducted by Gordon Brothers and its joint venture partner, Hilco Global.
Chapter 11
San Francisco — The Gymboree Corporation, following a comprehensive evaluation of its retail footprint, intends to close approximately 350 stores, mainly across the Gymboree and Crazy 8 brands. With the right size store base, the company will be able to focus resources on locations with the greatest potential and improve profitability.
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 — 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.
Los Angeles — American Apparel, Inc., a vertically-integrated manufacturer, distributor and retailer of branded fashion-basic apparel, has reached a restructuring support agreement with 95% of its secured lenders to implement a pre-arranged financial restructuring.
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