The retailer submitted for Chapter eleven personal bankruptcy in the U.S. Personal bankruptcy Courtroom for the Southern District of Texas, according to a courtroom submitting.
The firm outlined both equally its assets and liabilities in the array of $1 billion to $ten billion.
Clothing suppliers have been amongst the worst strike from the coronavirus crisis as their businesses were being deemed non-crucial and their merchants had to be shut.
Tailor-made Manufacturers stated final 7 days it could take into consideration submitting for personal bankruptcy as quickly as the 3rd quarter, strike by a plunge in profits.
The firm was currently battling with opposition from rapid-manner manufacturers and a change to on-line searching ahead of the pandemic, and stated in July it