Christopher & Banks Voluntarily Files Chapter 11 Bankruptcy

Christopher & Banks, a specialty women’s apparel retailer, has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey.

• The company expects to close a significant portion, if not all, of its brick-and-mortar stores and, in connection therewith, the Company has launched a store closing and liquidation process
• The company, however, will continue to operate its business in the ordinary course in the near term
• Company is in active discussion with potential buyers for the sale of its eCommerce platform and related assets
• NOTE: Jan. 7, ...