A bankruptcy would add to a list of high profile collapses of retailers who struggled, especially during the pandemic, to compete with big-box retailers and online buying. | Reuters
. luxury department store chain laden with debt after a private equity takeover filed for bankruptcy protection in May 2020. The nearly 113-year old chain’s CEO blamed the “unprecedented disruption” caused by the pandemic.
It emerged from bankruptcy months later after its restructuring eliminated more than $4 billion of debt.Chinos Holdings, parent of the apparel chain, filed for bankruptcy protection in May 2020 with a plan to eliminate $1.65 billion of debt in exchange for ceding ownership to lenders. J Crew, known for its preppy clothing favored by former first lady Michelle Obama, was the first majorcasualty of the pandemic.
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