A recent complaint against plaintiffs’ firm Zimmerman Reed directly challenges the law firm’s mass arbitration tactics and alleged “weaponization” of a California privacy statute. The.
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This Beloved Brand Just Filed for Bankruptcy
By Sarah Crow of Best Life |
This Beloved Brand Just Filed for Bankruptcy
Another beloved brand has filed for Chapter 11 bankruptcy protection in the wake of the COVID-19 pandemic. On Jan. 26, iconic beauty brand L Occitane Inc. announced that it would be shuttering a number of its stores in the U.S. as a result of its restructuring. Read on to discover how many stores are affected by the company s bankruptcy filing. And for more brands buckling amid the pandemic, This Beloved Furniture Chain Is Closing All But 1 of Its Stores.
L Occitane announced in its bankruptcy filing that it will be closing 23 of its 166 stateside stores in a bid to execute its store footprint optimization plan. The company saw in-person sales drop 56.5 percent between April and Dec. 2020 as compared to its 2019 sales, while its online sales rose by 72 percent.