Love Culture clothing store chain files for chapter 11 bankruptcy

Women’s Clothing Chain Love Culture Files for Chapter 11 Bankruptcy this week. They indicate that they have many interested buyers and may be sold. The company, started by former Forever 21 executives, claims it’s financial woes were due in part to costs and expenditures to improve its electronic infrastructure. Love Culture’s clothing and accessories line target young women and has 76 stores in the US. It would seem that a quick sale would allow their assets and clothing lines to be easily merged into the current product lines of a competitor. Wouldn’t it be ironic if Forever 21 steps up? Time will tell.

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Terrance Leeders

Chicago Bankruptcy Lawyer, husband, father, Cubs fan.

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