×
32 555
Fashion Jobs
L'OREAL GROUP
l'Oreal Usa, Retail IT Systems Administrator
Permanent · New York
L'OREAL GROUP
l'Oreal Usa, IT Senior Manager, SEO & Site Performance Lead
Permanent · New York
L'OREAL GROUP
l'Oreal Research & Innovation, Vice President & Patent Counsel
Permanent · Clark
MARSHALLS
Loss Prevention Detective
Permanent · Denver
TJ MAXX
lp Detective
Permanent · Williamsport
TJ MAXX
lp Detective tj Maxx-Downtown, Brooklyn
Permanent · New York
TJ MAXX
lp Detective
Permanent · Williamsport
TJ MAXX
lp Detective Atlanta Ponce Deleon
Permanent · Atlanta
HOMEGOODS
lp Detective
Permanent · Danvers
HOMEGOODS
Loss Prevention Detective
Permanent · Los Angeles
PUMA
Manager, People Development & Organizational Learning
Permanent · Boston
PUMA
Analyst ii, Business Solutions
Permanent · Westford
BATH & BODY WORKS
Asset Protection Analyst - Bath & Body Works - Columbus, oh
Permanent · Columbus
ROSS STORES
IT Manager ii (Workforce Management)
Permanent · Dublin
ROSS STORES
District Manager- dd's Discounts
Permanent · San Antonio
ROSS STORES
IT Manager ii (Application Management Support)
Permanent · Dublin
ROSS STORES
IT Manager i (Portfolio Process Management)
Permanent · Dublin
RAG & BONE
Sales Supervisor (Full-Time) - Sawgrass
Permanent · Sunrise
ESTÉE LAUDER
Retail Beauty Sales Coordinator - Estee Lauder - Full-Time - Orlando And Tampa, fl
Permanent · Orlando
MAC
Executive Director, Digital & Social Creative Design, Mac
Permanent · New York
TOM FORD BEAUTY
Luxury Retail Sales Manager - Tom Ford Beauty - 35 Hrs - Pacific Place - Seattle, wa
Permanent · Seattle
MAC
Director, Social Creative Design, Mac
Permanent · New York
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 2021 All rights reserved.