Welcome
Bankruptcy Law News

Menswear Designer John Varvatos Enterprises Files for Bankruptcy

May 6, 2020, 1:45 PM

John Varvatos Enterprises Inc. filed for Chapter 11 bankruptcy in Delaware, listing assets of as much as $50 million and liabilities of at least $100 million.

  • Company is 100% owned by Lion/Hendrix Corp., which also filed for bankruptcy, court papers show. Lion Capital acquired the menswear designer in 2012, according to a statement at the time
  • A group of class-action lawsuit claimants is the company’s largest unsecured creditor, with a claim of about $3.5 million
  • The menswear designer’s stores are currently closed due to the Covid-19 outbreak
  • The case is John Varvatos Enterprises Inc., 20-11043, U.S. Bankruptcy Court for the...

To read the full article log in. To learn more about a subscription click here.