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American Apparel Receives Takeover Bid as Reorganization Plan Is Approved

In Industry News, What's New by Accessories StaffLeave a Comment

Los Angeles—American Apparel, the Made-in-USA retailer that went bankrupt last fall, announced today that its creditors approved its reorganization plan. Coincidentally, the retailer got a $300 million buyout offer backed by ex-CEO/Founder Dov Charney who was ousted from his post last year. Hagan Capital Group and Silver Creek Capital Partners …

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As Expected, American Apparel Files Bankruptcy, Reorganization Plans

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Los Angeles—It appeared inevitable: after failing to make a profit or turnaround sales and operations since 2009, American Apparel Inc. filed today for Chapter 11 bankruptcy protection and revealed a reorganization plan that would keep its retail and made-in-USA manufacturing facilities open. Under the agreement reached with its most secured …

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Love Culture, Latest Fashion Retailer to File Bankruptcy

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Los Angeles—Love Culture Inc., a specialty retailer catering to 18-to-35 age range women, reported Wednesday it become the latest women’s retailer to file for Chapter 11 bankruptcy. Following Chapter 11 filings from Loehmann’s, Ashley Stewart, Coldwater Creek and Dots, Love Culture said it plans to close money-losing stores, restructure its …

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Coldwater Creek’s Liquidation Sale Starts

In Industry News, Reports, What's New by Jeff PrineLeave a Comment

Sandpoint, ID—It’s the beginning of the end: on Thursday, Coldwater Creek began its going-out-of-business sale. On Tuesday, a U.S. bankruptcy judge in Wilmington, Del. approved a liquidation plan between Coldwater Creek and two liquidators—Hilco Merchant Resources and Gordon Brothers Retail Partners. The women’s specialty retailer had listed $278 million in …