Thursday, July 6, 2017

U.S. denim retailer True Religion files for bankruptcy

Image result for true religionTrue Religion Apparel Inc, whose heavily adorned denim jeans have fallen out of fashion, filed for bankruptcy on Wednesday with a deal in hand to slash its debt of about $500 million and emerge from court protection quickly as a going concern.

 True Religion has 128 retail stores, whose sales make up almost 75 percent of its total net sales for its most recent fiscal year. . . . more

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