True Religion

Manhattan Beach, Calif. — True Religion, a premium jeans retailer based in Manhattan Beach, Calif., filed papers in Delaware bankruptcy court on April 13, 2020. In its filing, the company stated that pandemic-related closure of all its retail location and all the stores of its wholesale buyers had accelerated “existing liquidity constraints.” Due to these factors, True Religion furloughed all nonessential employees and reentered Chapter 11, which it previously entered in July 2017. “While the debtors would have preferred to wait out the current instabilities of the financial markets and …

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