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Apparel & footwear firm GBG USA files for bankruptcy protection

Apparel & footwear firm GBG USA files for bankruptcy protection
fibre2fashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fibre2fashion.com Daily Mail and Mail on Sunday newspapers.

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GBG USA Commences Voluntary Chapter 11 Proceedings

GBG USA Commences Voluntary Chapter 11 Proceedings
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GBG USA Commences Voluntary Chapter 11 Proceedings - Press Release

GBG USA Commences Voluntary Chapter 11 Proceedings - Press Release
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iMedia Brands Acquiring Christopher & Banks Assets

iMedia Brands Acquiring Christopher & Banks Assets
TV shopping network to launch weekly C&B show.
Plymouth-based retailer Christopher & Banks Corp. is bankrupt, and its stores are closed, but the brand will live on under the wing of another local company: Eden Prairie-based iMedia Brands Inc.
The $24.6 million sale to ALCC closed yesterday according to a Wednesday SEC filing from Christopher & Banks. Per the filing, ALCC designated iMedia Brands as a buyer designee, which will assume certain assets and liabilities of the Christopher & Banks operation. ALCC retains the intellectual property assets and liabilities.
In a press release Wednesday iMedia Brands announced a “licensing partnership” with ReStore Capital LLC, another Hilco company, under which it will operate the Christopher & Banks business. ReStore Capital LLC defines itself as a “commercial finance and alternative investment firm providing capital solutions to leading retailers and consume ....

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Eden Prairie's iMedia wants to give Christopher & Banks a new life

Eden Prairie s iMedia wants to give Christopher & Banks a new life
Eden Prairie s iMedia is taking over the website, will promote label on TV.
March 4, 2021 6:25am
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IMedia Brands, which runs the ShopHQ television shopping network, has struck a deal to operate and possibly buy the remnants of the bankrupt Christopher & Banks.
The Eden Prairie company said late Wednesday it had signed a licensing partnership with ReStore Capital, a subsidiary of Hilco Global, to use its TV and internet platforms to manage the brand.
We know the Christopher & Banks fashions and customer demographics well because they are the same as our ShopHQ fashions and customer demographics, said Tim Peterman, CEO of iMedia Brands, in a statement. We also know this iconic brand has maintained a passionate customer base for over 75 years. This is a big opportunity, and we are excited to get ....

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