×
78 468
Fashion Jobs
MACY'S
Asset Protection Detective, Westfarms - Full Time
Permanent · Farmington
MACY'S
Asset Protection Detective, Cherry Hll - Standard Part Time
Permanent · Cherry Hill
MACY'S
Asset Protection Officer, Cheshire - Part Time (2840)
Permanent · Cheshire
MACY'S
Asset Protection Detective, Pleasanton Stoneridge - Full Time
Permanent · Pleasanton
MACY'S
Manager, Asset Protection
Permanent · Vancouver
MACY'S
Manager, Sales And Customer Experience
Permanent · Raleigh
MACY'S
Asset Protection Detective, Southshore - Flex
Permanent · Bay Shore
MACY'S
Asset Protection Manager
Permanent · Lexington
MACY'S
Manager, Asset Protection Multi-Store
Permanent · Raleigh
MACY'S
Asset Protection Detective, Tacoma - Full Time
Permanent · Tacoma
MACY'S
Manager, Vendor Collections (Remote)
Permanent · New York
UNIQLO
Loss Prevention Supervisor
Permanent · Honolulu
UNIQLO
Loss Prevention Supervisor (Full-Time)
Permanent · Costa Mesa
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Portland
OLD NAVY
Assistant General Manager, Merchandise - Jfk Plaza (New Store)
Permanent · Waterville
OLD NAVY
Assistant Manager, Customer Operations - Jfk Plaza (New Store)
Permanent · Waterville
OLD NAVY
General Manager - Happy Valley
Permanent · Phoenix
OLD NAVY
Unassigned Assistant General Manager, Merchandising - Town Square s/c
Permanent · Schererville
URBN
Urbn Security Officer: Permanent Positions
Permanent · GAP
ATHLETA
Assistant Manager - The District
Permanent · Henderson
ATHLETA
General Manager - Old Orchard
Permanent · Skokie
SAKS OFF 5TH
Supply Chain Analyst
Permanent · WILKES-BARRE
By
Reuters
Published
Apr 7, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Pacific Sunwear accelerates bankruptcy plans

By
Reuters
Published
Apr 7, 2016

Struggling surfwear chain Pacific Sunwear of California Inc has accelerated its bankruptcy plans after negotiating with lenders and could file for Chapter 11 protection as soon as Wednesday night, Bloomberg reported.



The retailer has worked out a deal with private equity firm Golden Gate Capital to help the company avoid liquidation, Bloomberg reported, citing people with knowledge of the matter.

Golden Gate had lent PacSun $60 million in 2011.

Pacific Sunwear did not immediately respond to a request for comment.

The bankruptcy agreement involves swapping debt for equity after PacSun emerges from Chapter 11, the report cited one of the people as saying. PacSun will get financing to continue operations during the restructuring process.

Pacific Sunwear, which has posted annual losses since 2008, had long-term debt of $97 million and cash and cash equivalents of $11.3 million as of October.

A sluggish retail spending environment and increasing competition from fast fashion and online rivals have hurt U.S. clothing retailers, prompting companies such as American Apparel Inc, Quiksilver Inc and Wet Seal Inc to file for bankruptcy.


 

© Thomson Reuters 2022 All rights reserved.