×
60 610
Fashion Jobs
MIZZEN+MAIN
Account Executive - Specialty ne & Midwest
Permanent · DALLAS
COTY
Area Sales Manager
Permanent · Miami
LEVI'S
Part-Time Sales Supervisor
Permanent · Katy
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative -Cosmoprof
Permanent · Colorado Springs
SALLY BEAUTY HOLDINGS LLC
2nd Shift Inventory Control Specialist
Permanent · Jacksonville
NORDSTROM
Asset Protection - Agent - North Point Marketcenter Rack
Permanent · Alpharetta
NORDSTROM
Asset Protection - Agent - The Outlet Collection Rack
Permanent · Auburn
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
LULULEMON
Assistant Manager, Operations | Cherry Creek Mall (1 Year Contract)
Permanent · Denver
LULULEMON
Assistant Manager, Operations | Bellevue Square
Permanent · Bellevue
LULULEMON
Assistant Manager, Operations (Hyde Park)
Permanent · Chicago
OLD NAVY
Assistant Manager, Customer Operations - Airport Square
Permanent · North Wales
OLD NAVY
Assistant Manager, Customer Operations - Monroe Mktplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Florida West
Permanent · Estero
OLD NAVY
Assistant General Manager, Merchandising - Jefferson Mall
Permanent · Louisville
OLD NAVY
Assistant General Manager, Merchandising - Willowbrook-Houston
Permanent · Houston
OLD NAVY
Assistant Manager, Customer Operations - Oshkosh
Permanent · Oshkosh
OLD NAVY
General Manager - Ridgewood Court
Permanent · Jackson
OLD NAVY
General Manager - Monroe Marketplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Portland
Permanent · Beaverton
OLD NAVY
General Manager - Tikahtnu Commons
Permanent · Anchorage
OLD NAVY
General Manager - Watertown
Permanent · Watertown
Published
Dec 21, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Yogasmoga files a Chapter 11 bankruptcy petition

Published
Dec 21, 2016

New York City-based yoga brand Yogasmoga on Monday filed a Chapter 11 bankruptcy petition almost one month after its creditors filed an involuntary Chapter 7 against them. The company reportedly has assets and liabilities each at between $1 million and $10 million.


Yogasmoga

 

Co-founder Rishi Bali told Racked that the company was “overgrowing” and it failed to raise more capital. In March 2015, the company was valued at $74 million.

Bali said, “As a founder of the company, I am gutted by the news because it’s really hard to build companies. Due to a combination of factors, we couldn’t close the financing. It was a little bit of overgrowing, and so we are filing so that we can shrink our footprint.”

Founded by Rishi and Tapasya Bali in 2013, Yogasmoga is a yoga-inspired athletic brand that began as an e-commerce website before opening stores in New York, New Jersey, Connecticut, Massachusetts and California. The company opened 10 stores alone in 2015 and opened its first New York City store in early 2016.

Also in 2016, Yogasmoga invested in Wearsafe Labs, a developer of mobile and wearable safety products, in order to utilize the company’s Wearsafe Tag security in its apparel.

Durga Capital, The Ravi Sing 2015 Family Trust, Jon Thomas Moore, Ryan James Moore, Jeffrey Stevens Moore, Lori Lynne Walsh, Sean Gallagher, and 99Degrees Custom, Inc. filed the Chapter 7 involuntary bankruptcy petition against Yogasmoga in November.

Copyright © 2022 FashionNetwork.com All rights reserved.