The Parent Company Of Alfred Angelo Has Filed For Bankruptcy.

According to the world clothing shoes and hats net, it has a 84 year history of the United States.

Retailer

The parent company The Brides Studio No. 3 Inc. has already filed for bankruptcy.

The company did not seek bankruptcy protection in accordance with the eleventh chapter of the bankruptcy law of the United States, such as most retailers, so it was reorganized or sold out of bankruptcy, but it was directly bankrupt according to the seventh chapter.

Alfred Angelo is sold through wholesale outlets at 1400 outlets worldwide, while all 62 stores in the United States have been closed on Thursday. The company applied for bankruptcy on Friday and will sell it in liquidation.

A store manager told reporters that there was no warning about the company's failure. They learned on Thursday morning that they had to close their business on that day.

This is partly to be done.

The prospective bride who ordered the wedding dress or related products was in panic. They worried that the wedding dresses could not arrive and they could not get a refund. They expressed anxiety and anger in social media.

According to the bankruptcy documents, The Brides Studio No. 3 Inc. claims that its assets are no more than US $50 thousand, but liabilities are as high as 50 million to 100 million US dollars. Its Affiliated Companies AA Florida Bridal Retail Co. LLC, Retail and Studio have assets of 100-1000 US dollars, and liabilities reach 50 million to 100 million US dollars respectively.

Alfred Angelo Angelo, who has shut down all stores and has been silent after filing for bankruptcy, finally apologized for the inconvenience and difficulties caused by bankruptcy on the website, and thanked the customers for their patience.

According to the world clothing and shoe net, Alfred Angelo, a lawyer representing Patricia Redmond, sent letters to customers of Alfred Angelo, saying it would urge the brand to fulfill and fulfill as many orders as possible.

David s Bridal Inc., who is the biggest competitor of Alfred Angelo in the middle position and claims to be the largest wedding dress retailer in the United States, is also at risk of bankruptcy.

Founded in 1950, the brand now has more than 300 stores in the United States, Canada and the United Kingdom.

After the news of the closure of Alfred Angelo, David 's Bridal announced a special discount to customers of the Alfred Angelo entity retail store.

This year, True Religion Apparel Inc., youth clothing retailer Rue21 Inc. and Sears Holdings Corp. Sears, Canada Business Sears Canada Canada, etc. are considered the most likely bankrupt retailers have filed for bankruptcy protection.

Retailers such as Wet Seal Inc., Limited Stores Inc., Payless Inc., BCBG Max Azria BCBG and Inc., have also struck the eleventh chapter of the bankruptcy law.

After filing for bankruptcy protection in June 12th, Gymboree Inc., a children's chain store retailer, Fitch Ratings Inc., Fitch believes that the retailers most likely to default on their debts in the next 12 months include Sears Holdings Corp. Sears department store, jewelry retailer Claire s Stores, Mr Tan, shoe shoe retailer, Fitch, light luxury clothing retailer, and 99 fashion brands.

Moody "s Investor Service" last month named 21 retailers and Fitch Ratings Inc. Fitch's list coincides most. It also refers to Neiman Marcus Group Ltd Group, Nyman Markus, general merchandise, leather goods brand, mother and son, brand shoes, shoes brand, wedding dress brand, and so on.

Although J.Crew Group Inc. is also a candidate company, the group has put forward a debt restructuring plan in mid 6 and has been approved by most creditors. The group against creditors has also removed the initial obstacle through the court.

Restructuring experts are paying close attention to the progress of J.Crew Group Inc., hoping that they can learn from other brands that are well-known but deeply in debt crisis by splitting up brand intellectual property rights as collateral and issuing bonds.

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