Pic: Christopher & Banks Company
Minneapolis-based specialty girls’s attire retailer Christopher & Banks Company (CBKC) lately introduced it has filed voluntary petitions for aid below Chapter 11 of the US Chapter Code in a courtroom in New Jersey district. The corporate’s customary motions will authorise upon courtroom approval its potential to keep up operations within the odd course of enterprise.
The operations embrace fee of worker wages and advantages with out interruption, fee of suppliers and distributors and using money collateral.
These motions are typical within the Chapter 11 course of and the corporate anticipates that they are going to be authorised shortly after the graduation of its Chapter 11 case, it mentioned in a press launch.
The corporate expects to shut a good portion, if not all, of its brick-and-mortar shops and, in connection therewith, it has launched a retailer closing and liquidation course of.
It’s in energetic dialogue with potential patrons for the sale of its e-commerce platform and associated belongings and expects to file the suitable movement shortly.
Fibre2Fashion Information Desk (DS)
US specialty girls’s attire retailer Christopher & Banks Company (CBKC) lately introduced it has filed voluntary petitions for aid below Chapter 11 of the US Chapter Code in a courtroom in New Jersey district. The corporate’s customary motions will authorise upon courtroom approval its potential to keep up operations within the odd course of enterprise.
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