Lucky Brand announced Friday that it is filing for Chapter 11 bankruptcy.
The firm said it had entered into a "stalking horse asset purchase agreement" with SPARC Group LLC, which owns brands such as Aeropostale and Nautica, for the sale of "substantially all" its operating assets. "The COVID-19 pandemic has severely impacted sales across all channels," the firm's interim chief executive, Matthew Kaness, said in the statement.
Corona didn't do it Government did Is that so hard to understand? Oh wait, you're fake news
Shit jeans anyway
If the pandemic continues for a bit longer many of the brands may become bankrupt soon..
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