Rock & Republic files Chapter 11 bankruptcy
* Arranges $7.5 mln DIP loan from CIT
* Hires Geoffrey Lurie as chief restructuring officer
NEW YORK, April 1 (Reuters) - Premium denim company Rock & Republic on Thursday said it filed for Chapter 11 bankruptcy protection.
The company, which sells its jeans and accessories in stores including Bergdorf Goodman and Bloomingdales, said it obtained $7.5 million in debtor-in-possession financing from CIT Group (CIT.N).
Rock & Republic has hired investment bank Atlas Strategic Advisors to help it recapitalize, subject to court approval, the company said.
- Malaysia air probe finds scant evidence of attack: sources |
- Search widened as Malaysia air probe finds scant evidence of attack |
- Exclusive: Chinese raw materials also found on U.S. B-1 bomber, F-16 jets
- Confrontation in Ukraine as diplomacy stalls |
- Freescale loss in Malaysia tragedy leads to travel policy questions