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Retail Woes: A Tracker of Retail Bankruptcies & Brand Closures

Bankruptcy and restructuring have become recurring features of the fashion and retail landscape, as companies contend with shifting consumer demand, debt burdens, changing retail economics, and broader market pressures. TFL’s Fashion & Retail Bankruptcy + Restructuring ...

August 14, 2026 - By TFL

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Case Documentation

Retail Woes: A Tracker of Retail Bankruptcies & Brand Closures

Bankruptcy and restructuring have become recurring features of the fashion and retail landscape, as companies contend with shifting consumer demand, debt burdens, changing retail economics, and broader market pressures. TFL’s Fashion & Retail Bankruptcy + Restructuring Tracker provides a running record of significant bankruptcy, insolvency, restructuring, liquidation, and related proceedings involving fashion, luxury, beauty, and retail companies. The tracker spans Chapter 11 and Chapter 7 cases in the U.S., as well as administration, insolvency, and other restructuring proceedings globally.

2026

Rebel Creamery

Chapter 11 · August 14, 2026 · U.S. Bankruptcy Court for the District of Utah

Rebel Creamery filed for Chapter 11 bankruptcy protection, reporting approximately $13.78 million in assets and $23.85 million in liabilities. The filing comes as the company appeals a $23.785 million judgment awarded to Van Leeuwen Ice Cream in a trade dress dispute, with Van Leeuwen listed among Rebel’s unsecured creditors.

Marine Serre

Redressement judiciaire · July 7, 2026 · Tribunal des activités économiques de Paris, France

Marine Serre entered redressement judiciaire, a court-supervised reorganization proceeding, amid financial pressure stemming from client defaults, weak wholesale demand, geopolitical uncertainty, and rising costs. The company began seeking a financial investor as it worked to support a recovery while continuing operations.

West Marine

Chapter 11 · May 18, 2026 · U.S. Bankruptcy Court for the District of Delaware

West Marine filed for Chapter 11 bankruptcy protection with a restructuring support agreement backed by 96.2 percent of its term loan lenders and 93.9 percent of its equity holders. The marine retailer said its roughly 200 retail locations would remain open during the restructuring.

LuisaViaRoma

Concordato semplificato · March 2026 · Florence, Italy

LuisaViaRoma initiated a court-supervised concordato semplificato proceeding after out-of-court negotiations failed to produce a restructuring agreement. The luxury retailer sought a 60-day period to submit a restructuring plan, while its board approved a €15 million capital increase.

The LYCRA Company

Prepackaged Chapter 11 · March 17, 2026 · U.S. Bankruptcy Court for the Southern District of Texas

The LYCRA Company filed a prepackaged Chapter 11 case as part of a restructuring designed to eliminate more than $1.2 billion in debt. The company entered the proceeding with commitments for at least $75 million in debtor-in-possession and exit financing.

Quiz Clothing

Administration · February 5, 2026 · United Kingdom

Administrators were appointed to three Quiz Clothing operating entities: Orion Retail Limited, Tarak International Limited, and Zandra Systems Limited. The company’s physical stores and Irish concessions continued operating while administrators assessed a potential sale and other options for the business.

Pat McGrath Labs

Chapter 11 · January 22, 2026 · U.S. Bankruptcy Court for the Southern District of Florida

Pat McGrath Labs filed for Chapter 11 bankruptcy protection with more than $50 million in liabilities and pursued a recapitalization backed by debtor-in-possession financing from GDA Luma. The company emerged from Chapter 11 in April with more than $65 million in financing, with GDA Luma taking a controlling equity stake and Pat McGrath remaining chief creative officer and a significant shareholder.

Malin + Goetz (UK)

Administration · January 20, 2026 · High Court of Justice, Business and Property Courts of England and Wales

The UK business of Malin + Goetz entered administration following a review of its operations and the exhaustion of alternative options. Its UK stores and head office closed, while wholesale and distribution operations continued.

Saks Global

Chapter 11 · January 14, 2026 · U.S. Bankruptcy Court for the Southern District of Texas

Saks Global commenced Chapter 11 proceedings amid liquidity pressure following its $2.7 billion acquisition of Neiman Marcus. The luxury retailer entered bankruptcy with approximately $1.75 billion in committed financing to support operations and its restructuring.

2025

Lugano Diamonds & Jewelry Inc.

Chapter 11 · November 16, 2025 · U.S. Bankruptcy Court for the District of Delaware

Lugano Diamonds & Jewelry filed for Chapter 11 bankruptcy protection to pursue a court-supervised sale of the luxury jewelry company. The process was backed by a stalking-horse bid from Enhanced Retail Funding, with debtor-in-possession financing supporting operations during the sale process.

IKKS

Administration · October 2025 · France

French fashion brand IKKS entered administration amid financial pressure and ongoing restructuring efforts, putting more than 1,000 jobs at risk. The proceeding was intended to give the company an opportunity to restructure and potentially secure new investment or a buyer.

SSENSE

CCAA creditor protection · August 29, 2025 · Canada

SSENSE sought protection under Canada’s Companies’ Creditors Arrangement Act after a group of creditors initiated a court process seeking a sale of the company. The luxury retailer pursued its own restructuring process, and its founders ultimately received approval in February 2026 to acquire the company and move forward with an operational overhaul.

Related coverage: The State of the Multi-Brand Retailer

Closed GmbH

Insolvency · August 6, 2025 · Hamburg District Court, Germany

Closed GmbH filed for insolvency amid excessive debt and high financing costs, with a provisional insolvency administrator appointed to oversee the process. The premium denim brand continued operating its e-commerce business and stores while pursuing discussions with potential investors.

Claire’s Holdings LLC

Chapter 11 · August 6, 2025 · U.S. Bankruptcy Court for the District of Delaware

Claire’s filed for Chapter 11 bankruptcy protection for the second time in less than a decade amid mounting debt and pressure on its retail business. Later that month, the company agreed to sell most of its North American business to private equity firm Ames Watson, preserving portions of the business while the restructuring continued.

Claire’s France S.A.S.

Judicial recovery · July 24, 2025 · Paris Commercial Court, France

Claire’s French division was placed into judicial recovery, a court-supervised restructuring process affecting 239 stores and more than 1,250 employees. The company continued operating while pursuing a turnaround of its French business.

Seraphine

Administration · June 2025 · United Kingdom

Maternity brand Seraphine entered administration after efforts to secure new investment failed, with Interpath appointed as administrator. The company ceased trading and most of its 95 employees were made redundant, with its remaining assets potentially available for sale.

Cosmoss Ltd.

Voluntary liquidation · June 2025 · United Kingdom

Cosmoss Ltd., the wellness brand founded by Kate Moss, entered voluntary liquidation less than three years after its launch. A liquidator was appointed following a period of limited commercial activity and inactivity across the company’s website and social channels.

CaaStle, Inc.

Chapter 7 · June 2025 · U.S. Bankruptcy Court for the District of Delaware

Fashion rental technology company CaaStle filed for Chapter 7 bankruptcy, triggering a liquidation of its assets following substantial financial losses and leadership turmoil. The company reported between $10 million and $50 million in assets and liabilities and as many as 999 creditors.

Fenice Retail

Liquidation · June 2025 · Italy

Fenice Retail, the retail arm of Chiara Ferragni-controlled Fenice Srl, entered liquidation after losses pushed the company into negative equity. A liquidator was appointed to wind up the business, including its Rome retail operation.

Forever 21

Chapter 11 · March 17, 2025 · U.S. Bankruptcy Court for the District of Delaware

F21 OpCo, operator of Forever 21’s U.S. stores, filed for Chapter 11 and entered into a plan support agreement with its secured lenders. The company pursued a court-supervised sale while simultaneously beginning an orderly wind-down of its U.S. operations.

Hudson’s Bay Co.

CCAA creditor protection · March 2025 · Ontario, Canada

Hudson’s Bay sought protection under Canada’s Companies’ Creditors Arrangement Act as it attempted to restructure its business, but ultimately moved into liquidation. Canadian Tire later acquired Hudson’s Bay’s intellectual property in a court-approved $30 million transaction, while the retailer closed its remaining stores.

Dancing Leopard

Administration · January 2025 · United Kingdom

British womenswear brand Dancing Leopard entered administration following a decline in turnover, rising expenses, and mounting cash pressure. Insolvency firm Sanderlings was appointed to handle the proceeding.

2024

New Guards Group

Composizione negoziata · November 2024 · Italy

New Guards Group entered Italy’s composizione negoziata process as it sought to restructure following the rescue acquisition of parent company Farfetch by Coupang. The proceeding enabled the fashion group, whose portfolio included Palm Angels, Marcelo Burlon County of Milan, and Alanui, as well as the license for Off-White, to pursue a negotiated restructuring while continuing to operate.

Y/Project

Receivership · September 26, 2024 · France

Y/Project entered receivership after ceasing payments to creditors amid financial pressure, and a judicial administrator launched a process to find a buyer for the Paris-based fashion brand. After the sale process failed to produce new ownership, Y/Project announced in January 2025 that it would cease operations.

Avon Products Inc.

Chapter 11 · August 13, 2024 · U.S. Bankruptcy Court for the District of Delaware

Avon Products Inc. filed for Chapter 11 bankruptcy protection while facing hundreds of lawsuits alleging that its talc-based products contained cancer-causing asbestos. The proceeding was limited to Avon’s non-operating U.S. holding company and did not include its operating businesses or international operations.

Dion Lee

Voluntary administration · May 23, 2024 · Australia

Dion Lee entered voluntary administration, with Antony Resnick of dVT Group appointed administrator to the Australian business. The company initially continued operating as a going concern while the administrator assessed its financial position and options for the business.

Rue21

Chapter 11 · May 2, 2024 · U.S. Bankruptcy Court for the District of Delaware

Rue21 filed for Chapter 11 bankruptcy protection for the third time since 2003, reporting between $100 million and $500 million in both assets and liabilities. The teen apparel retailer planned to close its roughly 540 stores and sell its intellectual property as part of the bankruptcy process.

Express Inc.

Chapter 11 · April 22, 2024 · U.S. Bankruptcy Court for the District of Delaware

Express filed for Chapter 11 bankruptcy protection to facilitate a sale process, with plans to close nearly 100 Express stores and all UpWest locations. In June, the bankruptcy court approved the acquisition of most of Express’s assets by Phoenix Retail, a joint venture involving WHP Global, Simon Property Group, and Brookfield Properties.

Esprit Belgie Retail

Bankruptcy · April 8, 2024 · Belgium

Esprit’s Belgian retail subsidiary filed for bankruptcy amid rising costs and cash-flow pressure on the company’s European operations. The proceeding came as Esprit pursued a broader reorganization of its European business, with its Swiss unit having filed for insolvency shortly beforehand.

MATCHES

Administration · March 7, 2024 · United Kingdom

MATCHES entered administration just months after Frasers Group acquired the luxury e-commerce platform from Apax Partners for approximately £52 million. Frasers cited persistent losses, missed business-plan targets, and funding requirements it considered unsustainable.

Re:NewCell AB

Bankruptcy · February 25, 2024 · Sweden

Swedish textile recycling company Re:NewCell filed for bankruptcy after efforts to secure additional liquidity and long-term financing failed. In June, investment firm Altor acquired the company’s assets and relaunched the business under the Circulose name.

The Body Shop

Administration · February 13, 2024 · United Kingdom

The Body Shop’s UK business entered administration roughly three months after its acquisition by Aurelius for £207 million. FRP Advisory was appointed administrator following what it described as an extended period of financial challenges and a difficult retail environment.

2023

Signa Prime Selection AG

Restructuring proceeding with self-administration · December 28, 2023 · Commercial Court of Vienna, Austria

Signa Prime Selection AG entered a restructuring proceeding with self-administration and submitted a restructuring plan as financial pressure spread across René Benko’s Signa group. The company’s liabilities were approximately €4.3 billion, and its portfolio included stakes in prominent luxury retail properties.

Showfields

Subchapter V Chapter 11 · October 6, 2023 · U.S. Bankruptcy Court for the Eastern District of New York

Showfields filed for Chapter 11 under Subchapter V, citing lower-than-expected revenue and financial pressure stemming in part from the pandemic. The retailer planned to focus on its Brooklyn and Washington locations while completing the closure of its Miami and Manhattan stores.

Soft Surroundings

Chapter 11 · September 10, 2023 · U.S. Bankruptcy Court for the Southern District of Texas

Soft Surroundings filed for Chapter 11 bankruptcy protection, reporting between $50 million and $100 million in estimated liabilities. The womenswear retailer planned to close its 44 leased stores and sell its e-commerce and catalog business to Coldwater Creek.

Christopher Kane

Administration · July 13, 2023 · United Kingdom

Christopher Kane entered administration after efforts to secure new financing or a buyer for the business. Later that month, founders Christopher and Tammy Kane acquired the label’s trademarks, trade names, and other intellectual property from the administrators.

Julien Macdonald

Creditors’ voluntary liquidation · July 12, 2023 · United Kingdom

Julien Macdonald Limited entered creditors’ voluntary liquidation after struggling with the effects of the pandemic and the collapse of Debenhams, one of the label’s significant retail partners. Liquidators were appointed to wind up the business.

David’s Bridal

Chapter 11 · April 17, 2023 · U.S. Bankruptcy Court for the District of New Jersey

David’s Bridal filed for Chapter 11 bankruptcy protection for the second time in five years while pursuing a sale of the company. Its stores remained open during the process, while the company also anticipated recognition proceedings in Canada and administration for its UK business.

Shoe City

Chapter 11 · April 2023 · U.S. Bankruptcy Court for the District of Maryland

Shoe City filed for Chapter 11 with approximately $16 million owed to creditors, including significant trade debt to New Balance and Timberland. The footwear retailer planned to liquidate substantially all of its assets and close all 39 stores in Maryland, Virginia, and Washington, D.C.

Scotch & Soda

Bankruptcy · March 2023 · Netherlands

Scotch & Soda filed for bankruptcy in the Netherlands after a structural cash-flow deficit left the company unable to absorb the effects of the pandemic, inflation, and weaker consumer spending. Its Dutch stores initially remained open while options for the business were assessed.

Tuesday Morning

Chapter 11 · February 14, 2023 · U.S. Bankruptcy Court for the Northern District of Texas

Tuesday Morning filed for Chapter 11 bankruptcy protection for the second time since the onset of the pandemic, reporting between $100 million and $500 million in assets and liabilities. The off-price retailer entered the proceeding with a $51.5 million debtor-in-possession financing commitment from Invictus Global Management.

Forma Brands LLC

Chapter 11 · January 12, 2023 · U.S. Bankruptcy Court for the District of Delaware

Forma Brands, the owner of Morphe and other beauty brands, filed for Chapter 11 after reaching an agreement to sell substantially all of its assets to a group of secured lenders. The company entered the proceeding with a commitment for approximately $33 million in debtor-in-possession financing, and the bankruptcy court subsequently approved the asset sale.

2022

M&Co

Administration · December 2022 · United Kingdom

M&Co entered administration amid rising costs and weakening consumer demand, with Teneo appointed to oversee the process. The retailer continued operating its roughly 170 stores and website while administrators pursued a potential sale, with approximately 1,900 jobs at risk.

Secoo

Bankruptcy proceeding · August 2022 · First Intermediate People’s Court of Beijing Municipality, China

Beijing Siku Shangmao, the corporate entity behind luxury e-commerce retailer Secoo, became the subject of a bankruptcy proceeding amid mounting financial pressure. The proceeding followed declining revenue, significant losses, and pressure on the company’s Nasdaq listing.

Revlon

Chapter 11 · June 15, 2022 · U.S. Bankruptcy Court for the Southern District of New York

Revlon and certain subsidiaries filed for Chapter 11 bankruptcy protection amid liquidity constraints, supply-chain disruption, inflation, and a heavily leveraged capital structure. The beauty company entered the proceeding expecting to receive $575 million in debtor-in-possession financing to support operations.

Missguided

Administration · May 2022 · United Kingdom

Missguided entered administration amid what the company described as an extremely challenging retail environment, with Teneo appointed as administrator. Frasers Group subsequently acquired the fast-fashion retailer’s intellectual property for £20 million.

2021

Roland Mouret

Administration · November 2021 · United Kingdom

Roland Mouret entered administration after the pandemic sharply reduced demand for the luxury label’s occasionwear and formalwear. The proceeding followed a reported 80 percent decline in sales and an earlier notice of intent to appoint administrators.

Sequential Brands Group

Chapter 11 · August 31, 2021 · U.S. Bankruptcy Court for the District of Delaware

Sequential Brands Group filed for Chapter 11 bankruptcy protection after concluding that its debt burden prevented it from continuing to operate its portfolio of brands, which included Joe’s Jeans and the Jessica Simpson label. The company pursued court-supervised sales of its assets as part of the proceeding.

Global Brands Group USA

Chapter 11 · July 29, 2021 · U.S. Bankruptcy Court for the Southern District of New York

Global Brands Group USA filed for Chapter 11 bankruptcy protection, estimating between $1 billion and $10 billion in both assets and liabilities. The company operated and licensed a broad portfolio of fashion and consumer brands.

Alex and Ani

Chapter 11 · June 9, 2021 · U.S. Bankruptcy Court for the District of Delaware

Alex and Ani filed for Chapter 11 bankruptcy protection, reporting between $100 million and $500 million in both assets and liabilities. The jewelry company counted major mall landlords Simon Property Group and Brookfield Property Partners among its largest unsecured creditors.

Collected Group

Chapter 11 · April 5, 2021 · U.S. Bankruptcy Court for the District of Delaware

Collected Group, owner of Joie, Current/Elliott, and Equipment, filed for Chapter 11 after efforts to find a buyer stalled. The restructuring was backed by controlling private-equity investor KKR, with KKR and secured lender Callodine Commercial Finance owed more than $185 million.

Ralph & Russo

Administration · March 2021 · United Kingdom

Ralph & Russo entered administration as the couture company sought to restructure following the severe impact of the pandemic on the luxury and occasionwear market. Joint administrators were appointed to assess options for securing the future of the business.

Belk Inc.

Chapter 11 · February 23, 2021 · U.S. Bankruptcy Court for the Southern District of Texas

Belk filed for Chapter 11 as part of a pre-negotiated restructuring supported by its creditors. The plan was designed to eliminate approximately $450 million in debt and provide the department-store chain with $225 million in new capital.

Solstice Marketing Concepts

Chapter 11 · February 17, 2021 · U.S. Bankruptcy Court for the Southern District of New York

Solstice Marketing Concepts filed for Chapter 11 bankruptcy protection with plans to reorganize and seek financing to continue operations. The sunglasses retailer said its brick-and-mortar business had been hit hard by the pandemic, with 2020 sales falling approximately 50 percent year over year.

L’Occitane, Inc.

Chapter 11 · January 26, 2021 · U.S. Bankruptcy Court for the District of Delaware

L’Occitane’s U.S. subsidiary filed for Chapter 11 bankruptcy protection as the pandemic widened the gap between its store revenue and lease obligations. The company was approximately $15 million behind on rent and used the proceeding to address its U.S. store portfolio.

2020

Francesca’s

Chapter 11 · December 3, 2020 · U.S. Bankruptcy Court for the District of Delaware

Francesca’s filed for Chapter 11 bankruptcy protection and launched a sale process for the business while proceeding with plans to close approximately 140 stores. The retailer secured $25 million in financing from existing lender Tiger Finance to support the process.

Arcadia Group

Administration · November 30, 2020 · United Kingdom

Arcadia Group, owner of Topshop, Miss Selfridge, Dorothy Perkins, and other brands, entered administration after the pandemic intensified existing financial pressure on the retail group. The proceeding ultimately led to the sale of its brands and other assets.

Furla USA

Chapter 11 · November 6, 2020 · U.S. Bankruptcy Court for the Southern District of New York

Furla’s U.S. arm filed for Chapter 11 bankruptcy protection after the pandemic sharply affected its brick-and-mortar and wholesale businesses. The company planned to use the proceeding to shed leases and debt while shifting its focus toward e-commerce and wholesale.

Century 21

Chapter 11 · September 10, 2020 · U.S. Bankruptcy Court for the Southern District of New York

Century 21 filed for Chapter 11 bankruptcy protection and announced plans to close all 13 of its stores and liquidate its assets. The discount retailer attributed the filing in significant part to a dispute over approximately $175 million in business-interruption insurance claims arising from the pandemic.

Stein Mart

Chapter 11 · August 12, 2020 · U.S. Bankruptcy Court for the Middle District of Florida

Stein Mart filed for Chapter 11 bankruptcy protection after the pandemic compounded existing pressure on its business. The off-price retailer planned to close most or all of its approximately 280 stores while evaluating a potential sale of its e-commerce business and intellectual property.

Lord & Taylor / Le Tote

Chapter 11 · August 2, 2020 · U.S. Bankruptcy Court for the Eastern District of Virginia

Lord & Taylor and owner Le Tote filed for Chapter 11 bankruptcy protection less than a year after Le Tote acquired the department-store chain from Hudson’s Bay Co. The proceeding ultimately resulted in the liquidation of Lord & Taylor’s remaining stores.

Tailored Brands

Chapter 11 · August 2, 2020 · U.S. Bankruptcy Court for the Southern District of Texas

Tailored Brands filed for Chapter 11 bankruptcy protection with plans to continue operating Men’s Wearhouse, Jos. A. Bank, K&G Fashion Superstore, and Moores during the restructuring. Its proposed restructuring contemplated reducing funded debt by at least $630 million.

Ascena Retail Group

Chapter 11 · July 23, 2020 · U.S. Bankruptcy Court for the Eastern District of Virginia

Ascena Retail Group, owner of Ann Taylor, Loft, Lane Bryant, Lou & Grey, and Justice, filed for Chapter 11 bankruptcy protection under a restructuring agreement designed to reduce debt by approximately $1 billion. The company also planned significant store closures across its portfolio.

RTW Retailwinds

Chapter 11 · July 13, 2020 · U.S. Bankruptcy Court for the District of New Jersey

New York & Company owner RTW Retailwinds filed for Chapter 11 bankruptcy protection with plans to close most, if not all, of its approximately 400 stores. The company also explored a potential sale of its e-commerce operations and related intellectual property.

Brooks Brothers

Chapter 11 · July 8, 2020 · U.S. Bankruptcy Court for the District of Delaware

Brooks Brothers filed for Chapter 11 bankruptcy protection after the pandemic intensified existing pressure on its store-heavy business and complicated an ongoing search for a buyer. The retailer entered bankruptcy with approximately 250 North American stores.

G-Star Raw

Chapter 11 · July 2020 · United States

G-Star Raw’s U.S. retail business filed for Chapter 11 bankruptcy protection after the fashion brand had entered voluntary administration in Australia earlier that year. The company cited financial pressure stemming from the pandemic.

Lucky Brand

Chapter 11 · July 3, 2020 · U.S. Bankruptcy Court for the District of Delaware

Lucky Brand filed for Chapter 11 bankruptcy protection to facilitate a sale and reduce its debt burden amid pandemic-related disruption. The denim company entered bankruptcy with a stalking-horse asset purchase agreement with SPARC Group.

DVF Studio UK

Administration · May 2020 · United Kingdom

Diane von Furstenberg’s UK business entered administration amid mounting losses and disruption caused by the pandemic. The proceeding formed part of a broader reset of the brand’s UK business model, while its U.S. operations remained outside the administration.

Lulu Guinness

Insolvency proceeding · May 2020 · United Kingdom

Lulu Guinness entered an insolvency process after anticipated funding fell through following the onset of the pandemic. Existing shareholders, including Guinness, subsequently repurchased the brand’s assets with plans to continue the business.

J.C. Penney

Chapter 11 · May 15, 2020 · U.S. Bankruptcy Court for the Southern District of Texas

J.C. Penney filed for Chapter 11 bankruptcy protection with plans to close stores and explore a potential sale. The department-store chain entered bankruptcy with commitments for $900 million in debtor-in-possession financing from existing first-lien lenders.

Neiman Marcus Group

Chapter 11 · May 7, 2020 · U.S. Bankruptcy Court for the Southern District of Texas

Neiman Marcus Group filed for Chapter 11 bankruptcy protection after the pandemic forced the temporary closure of its Neiman Marcus, Bergdorf Goodman, and Last Call stores and intensified pressure from its substantial debt load. The luxury retailer entered restructuring with creditor support for a plan intended to eliminate approximately $4 billion of its more than $5 billion in debt.

ALDO Group

CCAA creditor protection · May 7, 2020 · Canada

ALDO Group sought protection under Canada’s Companies’ Creditors Arrangement Act as the pandemic placed additional pressure on the footwear and accessories retailer’s business and cash flow. The company also sought related creditor protection in the U.S. and Switzerland as part of its global restructuring.

John Varvatos

Chapter 11 · May 6, 2020 · U.S. Bankruptcy Court for the District of Delaware

John Varvatos Enterprises and certain affiliates filed for Chapter 11 bankruptcy protection to facilitate a proposed sale of the fashion business to an affiliate of existing investor Lion Capital. The company reported up to $50 million in assets and at least $100 million in liabilities.

J.Crew Group

Chapter 11 · May 4, 2020 · U.S. Bankruptcy Court for the Eastern District of Virginia

J.Crew filed for Chapter 11 bankruptcy protection under an agreement to convert approximately $1.65 billion in debt into equity. The retailer emerged from bankruptcy in September 2020 after completing its financial restructuring.

J.Hilburn

Chapter 11 · April 30, 2020 · U.S. Bankruptcy Court for the Northern District of Texas

Custom menswear company J.Hilburn filed for Chapter 11 bankruptcy protection, reporting less than $10 million in assets and more than $10 million in liabilities. More than half of its debt was owed to suppliers.

True Religion

Chapter 11 · April 13, 2020 · U.S. Bankruptcy Court for the District of Delaware

True Religion filed for Chapter 11 bankruptcy protection for the second time in less than three years as pandemic-related store closures placed additional pressure on the denim company. The filing followed its 2017 restructuring, through which it had eliminated more than $350 million in debt.

2019

Forever 21

Chapter 11 · September 29, 2019 · U.S. Bankruptcy Court for the District of Delaware

Forever 21 filed for Chapter 11 bankruptcy protection as it sought to restructure its global retail footprint and focus on the profitable core of its business. The fast-fashion retailer planned to close up to 178 of its roughly 800 stores, including most locations in Asia and Europe.

Barneys New York

Chapter 11 · August 6, 2019 · U.S. Bankruptcy Court for the Southern District of New York

Barneys New York filed for Chapter 11 bankruptcy protection and launched a sale process after struggling with rising rents and liquidity pressure. The luxury department store secured $75 million in new financing to support operations and planned to close 15 stores, as well as several warehouse and concept locations.

Sonia Rykiel

Liquidation · July 2019 · Paris Commercial Court, France

Sonia Rykiel was ordered into liquidation after entering receivership and failing to secure a buyer despite an extended sale process. The ruling resulted in the winding down of the French fashion house’s remaining operations.

Roberto Cavalli USA

Chapter 7 · April 4, 2019 · U.S. Bankruptcy Court for the Southern District of New York

Art Fashion Corporation, doing business as Roberto Cavalli, filed for Chapter 7 bankruptcy protection as it moved to liquidate the fashion house’s U.S. operations. The American business closed its stores and entered liquidation while the Italian parent company remained outside the U.S. proceeding.

Pretty Green

Administration · March 28, 2019 · United Kingdom

Pretty Green entered administration after financial pressure stemming from broader retail challenges and the collapse of House of Fraser, which had been a significant stockist of the menswear brand. JD Sports subsequently acquired the brand, online and wholesale business, and its Manchester flagship from the administrators.

Diesel USA

Chapter 11 · March 2019 · U.S. Bankruptcy Court for the District of Delaware

Diesel’s U.S. subsidiary filed for Chapter 11 bankruptcy protection while its Italian parent remained outside the proceeding. The company planned to restructure its store portfolio and business while continuing to operate in the U.S.

Payless

Chapter 11 · February 2019 · U.S. Bankruptcy Court for the Eastern District of Missouri

Payless filed for Chapter 11 bankruptcy protection for the second time in two years and announced plans to wind down its U.S. and Canadian businesses. Its domestic stores and e-commerce operation subsequently closed, while much of its international business remained in operation.

Charlotte Russe

Chapter 11 · February 2019 · U.S. Bankruptcy Court for the District of Delaware

Charlotte Russe filed for Chapter 11 bankruptcy protection with plans to close nearly 100 stores and pursue a sale of certain assets. The apparel retailer entered the proceeding with a commitment for $50 million in financing.

2018

David’s Bridal

Chapter 11 · November 19, 2018 · U.S. Bankruptcy Court for the District of Delaware

David’s Bridal filed for Chapter 11 bankruptcy protection with approximately $500 million in debt and more than $100 million in assets. The bridal retailer continued operating throughout the restructuring and emerged from bankruptcy in January 2019 without closing any of its approximately 300 stores.

J.Mendel

Chapter 11 · June 2018 · U.S. Bankruptcy Court for the Southern District of New York

J.Mendel filed for Chapter 11 bankruptcy protection as the luxury fashion house sought to restructure its debts amid a difficult retail environment. The company said the restructuring was intended to provide greater financial stability and allow it to continue operating.

Carven

Receivership · May 2018 · Commercial Court of Paris, France

Carven and parent company Société Béranger entered a court-supervised proceeding designed to allow the fashion house to remain in operation while reorganizing and developing a plan to address its debts. The company was placed into receivership and began seeking a buyer.

Rockport Group

Chapter 11 · May 14, 2018 · U.S. Bankruptcy Court for the District of Delaware

Rockport and certain affiliates filed for Chapter 11 bankruptcy protection while pursuing a sale of the footwear business. The company continued operating during the process under a proposed sale to private-equity firm Charlesbank.

Nine West Holdings

Chapter 11 · April 6, 2018 · U.S. Bankruptcy Court for the Southern District of New York

Nine West Holdings filed for Chapter 11 bankruptcy protection under a restructuring agreement and announced plans to sell its Nine West and Bandolino footwear and handbag businesses. The company entered the proceeding with $300 million in debtor-in-possession financing, and Authentic Brands Group later acquired the Nine West and Bandolino intellectual property.

Claire’s Stores

Chapter 11 · March 19, 2018 · U.S. Bankruptcy Court for the District of Delaware

Claire’s Stores filed for Chapter 11 bankruptcy protection under a restructuring agreement with creditors designed to reduce its debt by approximately $1.9 billion. The mall-based accessories retailer continued operating during the restructuring.

Charlotte Olympia

Chapter 11 · February 2018 · U.S. Bankruptcy Court for the District of Delaware

Charlotte Olympia filed for Chapter 11 bankruptcy protection with approximately $3.26 million in assets and $19.2 million in liabilities. The accessories brand planned to liquidate inventory and close its four U.S. stores.

2017

Charming Charlie

Chapter 11 · December 11, 2017 · U.S. Bankruptcy Court for the District of Delaware

Charming Charlie filed for Chapter 11 bankruptcy protection and entered into a restructuring agreement with its lenders and equity sponsors. The accessories retailer secured $20 million in new-money financing and a $35 million debtor-in-possession asset-backed loan to support the restructuring.

Styles for Less

Chapter 11 · November 6, 2017 · United States

Styles for Less filed for Chapter 11 bankruptcy protection amid financial pressure on its mall-based apparel business. The retailer reported between $10 million and $50 million in liabilities and began closing stores as part of its restructuring.

Aerosoles

Chapter 11 · September 15, 2017 · U.S. Bankruptcy Court for the District of Delaware

Aerosoles filed for Chapter 11 bankruptcy protection, reporting between $10 million and $50 million in assets and between $100 million and $500 million in liabilities. The footwear retailer planned to reduce its store footprint substantially while continuing to operate during the restructuring.

Perfumania

Chapter 11 · August 26, 2017 · U.S. Bankruptcy Court for the District of Delaware

Perfumania filed for Chapter 11 bankruptcy protection with plans to reorganize around its stronger-performing stores. The fragrance retailer used the proceeding to restructure its store portfolio and financial obligations.

Alfred Angelo

Chapter 7 · July 14, 2017 · U.S. Bankruptcy Court for the Southern District of Florida

Bridal retailer Alfred Angelo filed for bankruptcy after abruptly closing stores across the U.S. The collapse disrupted outstanding customer orders and led to the liquidation of the company’s business.

True Religion

Chapter 11 · July 5, 2017 · U.S. Bankruptcy Court for the District of Delaware

True Religion filed for Chapter 11 bankruptcy protection under a restructuring agreement with a majority of its lenders. The denim company reported between $100 million and $500 million in both assets and liabilities and used the proceeding to reduce its debt burden.

Papaya Clothing

Chapter 11 · June 15, 2017 · United States

Papaya Clothing filed for Chapter 11 bankruptcy protection after rapid store expansion increased operating expenses as the retailer faced growing e-commerce competition. At the time, the company operated approximately 80 stores and employed roughly 1,300 people.

Rue21

Chapter 11 · May 15, 2017 · U.S. Bankruptcy Court for the Western District of Pennsylvania

Rue21 filed for Chapter 11 bankruptcy protection, reporting between $1 billion and $10 billion in assets and liabilities. The teen apparel retailer entered restructuring while operating more than 1,100 stores across the U.S.

Jaeger

Administration · April 2017 · United Kingdom

Jaeger entered administration after struggling with changing consumer behavior and increased competition from both luxury and fast-fashion rivals. The proceeding followed the British fashion brand’s notice of intent to appoint administrators.

Payless

Chapter 11 · April 4, 2017 · U.S. Bankruptcy Court for the Eastern District of Missouri

Payless filed for Chapter 11 bankruptcy protection with between $1 billion and $10 billion in liabilities. The footwear retailer announced plans to close approximately 400 underperforming stores in the U.S. and Puerto Rico as part of its restructuring.

BCBG Max Azria

Chapter 11 · March 2017 · U.S. Bankruptcy Court for the Southern District of New York

BCBG Max Azria filed for Chapter 11 bankruptcy protection as it sought to restructure approximately $459 million in lender debt and address an unprofitable store portfolio. The fashion company planned to reject leases and close roughly 120 stores as part of the process.

Wet Seal

Chapter 11 · February 2, 2017 · U.S. Bankruptcy Court for the District of Delaware

Wet Seal filed for Chapter 11 bankruptcy protection for the second time after closing its remaining stores and failing to secure a buyer. The retailer subsequently sought court approval to auction its intellectual property and other assets.

The Limited

Chapter 11 · January 17, 2017 · United States

The Limited filed for Chapter 11 bankruptcy protection after closing all 250 of its brick-and-mortar stores. Parent company Limited Stores agreed to a stalking-horse bid from an affiliate of Sycamore Partners for the retailer’s intellectual property and related assets.

Bibhu LLC

Chapter 11 · January 10, 2017 · U.S. Bankruptcy Court for the Southern District of New York

Bibhu LLC, the company behind designer Bibhu Mohapatra’s fashion business, filed for Chapter 11 bankruptcy protection. Mohapatra said the debt restructuring would allow the business to continue operating, make it more attractive to investors, and support plans for a more affordable second collection.

Updated

September 23, 2026

This tracker was initially published in April 2019 and has been updated accordingly.