×
2 402
Fashion Jobs
AUTUMNPAPER LIMITED
Alexander Mcqueen Vip & Kol Manager
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Boots, Bluewater - 22.5 Hours, 3 Days - Part Time, Permanent
Permanent · Dartford
ESTEE LAUDER
Clinique - Consultant - Boots, Bluewater - 15 Hours, 2 Days - Part Time, Permanent
Permanent · Dartford
JOHN LEWIS
Loss Prevention Partner
Permanent · CHELMSFORD
BOOHOO GROUP
Senior Commercial Finance Analyst
Permanent · MANCHESTER
BOOHOOMAN
Senior Marketing Manager
Permanent · MANCHESTER
BOOHOO
Paid Search Manager
Permanent · MANCHESTER
DEBENHAMS
Marketplace Business Development Manager
Permanent · LONDON
DEBENHAMS
Marketplace Account Manager
Permanent · LONDON
DEBENHAMS
Marketplace Business Development Assistant
Permanent · LONDON
REISS
Buying Admin Assistant - Graduate Opportunity
Permanent · LONDON
HOMESENSE
Loss Prevention Officer - Full Time Tkmaxx/Homsesense Basingstoke
Permanent · Basingstoke
VIVIENNE WESTWOOD
Warehouse Operative
Permanent ·
VIVIENNE WESTWOOD
Legal Counsel
Permanent · LONDON
VIVIENNE WESTWOOD
Buying Admin Assistant
Permanent · LONDON
ESTEE LAUDER
Tom Ford - Assistant Business Manager - Selfridges, London - 37.5 Hours - Full Time, Permanent
Permanent · London
ESTEE LAUDER
The Estee Lauder Companies - Learning And Development Assistant Manager
Permanent · London
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
HEAD OFFICE
Head Chef Food Production – Victoria Head Office
Permanent · LONDON
DOROTHY PERKINS
Paid Search Assistant
Permanent · LONDON
Ads
By
Reuters
Published
Apr 14, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

True Religion files for bankruptcy protection amid virus crisis

By
Reuters
Published
Apr 14, 2020

True Religion Apparel Inc on Monday filed for Chapter 11 bankruptcy protection for a second time in less than three years, becoming another corporate casualty of the coronavirus outbreak that has ravaged the retail sector.


Twitter @TrueReligion



In a court filing, the embattled denim retailer said it would have preferred to wait out the current period of lockdowns and instability in financial markets but “simply could not afford to do so”.

More than 95% of Americans are now under “stay-at-home” or “shelter-in-place” orders and retailers across the country have been forced to shutter stores to help contain the spread of the virus.

While public health experts said the steps are working to control the contagion, the restrictions have strangled the U.S. economy and sparked widespread production cuts, layoffs and projections of a severe recession.

Major U.S. retailers Macy’s Inc, Kohl’s Corp and Gap Inc have already furloughed tens of thousands of employees, amid drastic cost cutting steps to bolster cash reserves.

True Religion listed $100 million to $500 million in assets and liabilities in the court filing dated April 13.

Chief Executive Officer Michael Buckley said True Religion’s largest lenders were providing fresh capital to the company to reorganize under Chapter 11.

“In the near term, and until our stores open up, we will be continuing as we have, to run our E-Commerce businesses, in the same way we did prior to filing for Chapter 11,” Buckley said.

© Thomson Reuters 2022 All rights reserved.