Struggling fashion accessory brand files Chapter 11 bankruptcy
The fashion retail brand files for Chapter 11 bankruptcy protection to reorganize.
The retail sector was hit hard during the Covid-19 pandemic in 2020 as luxury department stores, high-end fashion retailers, luxury brands, and retail chains faced financial distress and filed for bankruptcy.
Luxury department store Lord & Taylor, high-end retailer Neiman Marcus, luxury apparel chain Brooks Brothers, and designer brand manufacturer Centric Brands all filed for Chapter 11 protection in 2020.
