Welcome

ANALYSIS: The Latest Trends in Fashion Bankruptcies, Part 2

Jan. 27, 2021, 11:51 AM

Stretched and stressed by the Covid-19 pandemic, several fashion retailers have turned to Chapter 11 bankruptcy to address their financial woes. In Part 1, I discussed company sales under section 363 of the Bankruptcy Code, a mall landlord stepping in to rescue distressed tenants, and “Chapter 22" filings. Today, I will focus on three recent trends in Chapter 11 fashion retailer liquidations and reorganizations.

In the past year, some well-known clothing retailers used Chapter 11 to shutter all of their physical locations, but sold their intellectual property, allowing brand names to survive online. Other fashion companies have managed ...

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