Denim retailer Lucky Brand Dungarees has filed for bankruptcy protection, blaming its troubles in part on the coronavirus pandemic, and said it has a deal lined up to sell the company
LOS ANGELES — .Los Angeles-based Lucky filed for Chapter 11 protection on Friday in federal bankruptcy court in Delaware.
SPARC operates under the Aeropostale and Nautica brands that that are owned by Authentic Brands Group and mall operator Simon Property Group, one of Lucky’s key landlords, according to the filing. Lucky Brand operates more than 200 U.S. stores, mostly in shopping malls, and sells items at other chains including Macy’s, Nordstrom and Costco.
The chain was also hurt by limited liquidity, which made it harder to get new inventory from vendors. Renzi said some key venders began requiring payment on delivery or other new terms, adding to financial pressure on the company.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lucky Brand files for bankruptcy citing COVID-19, looks to sell company to Aéropostale owner. Is your store closing?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.
Read more »
How Romeo Hunte Is Quietly Redefining What It Means to Be an American BrandPost-lockdown, the New York designer is looking to the future—with a little help from Tommy Hilfiger.
Read more »
Every Brand Of Alcohol Reminds Man Of A Different StoryHALLANDALE, FL–Randy Streeter, a 32-year-old sales associate at Guitar Center, has a different anecdote for every brand of alcohol.\n
Read more »
Lucky Brand files for bankruptcy citing COVID-19, looks to sell company to Aéropostale owner. Is your store closing?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.
Read more »
Aeromexico shares rise for second day despite missed debt paymentShares in airline Aeromexico closed up 4.48% on Friday, rising for a second straight day even as the company missed a debt payment after filing for bankruptcy protection.
Read more »
Jackie Aina Severs Ties With Morphe Amid Jeffree Star Controversy'I refuse to align myself with a company that continues to retail anti-Black racist beauty brands.'
Read more »