Christopher & Banks will be closing the majority of its brick and mortar stores the brand announced in a statement regarding its recent bankruptcy filing.
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Christopher & Banks Corporation Voluntarily Files Chapter 11 Bankruptcy
January 14, 2021 GMT
MINNEAPOLIS (BUSINESS WIRE) Jan 14, 2021
Christopher & Banks Corporation (OTC: CBKC), a specialty women’s apparel retailer, today announced that it has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”). The Company has filed customary motions with the Bankruptcy Court that will authorize, upon Bankruptcy Court approval, the Company’s ability to maintain operations in the ordinary course of business, including, among other things, the payment of employee wages and benefits without interruption, payment of suppliers and vendors in the normal course of business, and the use of cash collateral. These motions are typical in the Chapter 11 process and the Company anticipates
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Christopher & Banks May Close All Stores In Wisconsin yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.