Samantha Lee/Business InsiderOf the 35 bankrupt companies that reported more than $1 billion in liabilities at the time of their filing, 11 were consumer-centric companies. This year has been huge for bankruptcies.
, it makes sense that consumer-centric companies would be among the hardest hit during the coronavirus pandemic. Chinos Holdings, parent of J. Crew and Madewell, filed for Chapter 11 bankruptcy on May 4 and said it would close some stores. An empty shopping cart sits in front of the J.C. Penney department store in North Riverside, Illinois, U.S., November 17, 2017.Assets at time of filing: Brand licensing company Centric Brands filed for bankruptcy on May 18. In addition to owning Hudson, Robert Graham, Swims, Zac Posen, and Avirex, it licenses more than 100 brands including Calvin Klein, Tommy Hilfiger, and Nautica.
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