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On May 4, 2020, J.Crew filed for Chapter 11 bankruptcy protection as a result of the COVID-19 pandemic, [45] although the company had amassed enormous debt even before the outbreak. Chinos Holdings, Inc. and 17 affiliated debtors filed Chapter 11 bankruptcy in the United States District Court for the Eastern District of Virginia. These debtors ...
Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Heidi Chung discuss J.Crew's bankruptcy filing amid the coronavirus pandemic.
J. Crew, which employed about 13,000 people before an April furlough program, is the first high-profile retailer to seek bankruptcy protection since the coronavirus spread across the globe ...
Yahoo Finance's Akiko Fujita, Melody Hahm, and Dan Roberts discuss the latest retail casualty — J. Crew.
On May 4, 2020, J.Crew announced that it would apply for bankruptcy protection amidst the COVID-19 pandemic. [21] On September 11, 2020, it was announced that J.Crew had exited bankruptcy after an investment from Anchorage. [2] [4] [22] [23]
J. Crew, Century 21, Neiman Marcus, Stage Stores, Stein Mart, Lord & Taylor, JCPenney, Tuesday Morning, and Pier 1 Imports were among the first major retailers to file for bankruptcy during the COVID-19 pandemic. [10]
Preppy mass-market mall brand J.Crew filed for Chapter 11 bankruptcy protection Monday, making it the first major retailer to seek bankruptcy protection as a result of the pandemic. Along with ...
J. Crew filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in ...