California Bankruptcy Lawyer Blog

A San Jose bankruptcy attorney announces Rock & Republic files bankruptcy

The latest in mildly interesting corporate and/or business bankruptcy filings goes to Rock & Republic. According to Reuters, New York, R&R announced its Chapter 11 filing on Thursday. The cutting edge jean giant, who caters to the young somethings who can afford a median denim price of approximately $250 per pair, also boasts sexy ad campaigns, marketing slogans including ‘Life is a Banquet, Don’t Starve Yourself,’ and schleps their sassy “wears” in the likes of Nieman Marcus, Bloomindales, ad Bergdorf Goodman. They were quoted as reporting that they have hired Atlas Strategic Advisors, an investment bank, to assist in their recapitalizing efforts. This choice is subject to court approval, also according to R&R.
They further stated that they acquired $7.5 million in debtor-in-possession financing from CIT Group and are recently joined by Geoffrey Lurie, as chief restructuring officer. Lurie is formerly headed up The North Face’s turnaround, also according to Reuters.

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