Lucky Brand Dungarees LLC, which has about 200 Lucky Brand stores in North America and sells its products in department stores, plans to sell the equity-backed business to the SPARC Group, operator of Aéropostale and Nautica.
Lucky Brand Dungarees LLC, which has about 200 Lucky Brand stores in North America and sells its products in department stores, announced it had filed for Chapter 11 bankruptcy protection Friday with plans to sell the equity-backed business to the SPARC Group, operator of Aéropostale and Nautica."The COVID-19 pandemic has severely impacted sales across all channels,” said Matthew A. Kaness, interim CEO and executive chairman, in a statement.
COVID-19 has hit retailers who were already in debt harder than others and bankruptcy filings have increased due to the pandemic with
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