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Silver Jeans Stores Files Chapter 11, Plans Retail Liquidation

By Alison A. Nieder | July 23, 2014

SJC Inc., the company that has been operating the Silver Jeans retail stores, filed for Chapter 11 bankruptcy protection on July 21 in U.S. Bankruptcy Court in Wilmington, Del., with plans to close five Silver Jeans stores and liquidate inventory.

Finance Resources

Bibby Financial Services, Marcum LLP

Quiksilver’s Rating Cut

B.Riley & Co. forecast that sales will be weak for the Back-to-School season, and an analyst for the Los Angeles–based financial-services company cut his rating for Quiksilver Inc. from “buy” to “neutral.”

Fifth & Pacific Pays Gores Group to Settle Mexx Dispute

Two years after selling its majority stake in the Mexx retail chain to The Gores Group, Fifth & Pacific Cos. has agreed to pay the Los Angeles private equity firm $22 million to settle a complaint filed earlier this year in connection with the sale.

Coast Style Group Acquires Fortune Swimwear From Fred Kayne

Fortune Swimwear LLC, the Culver City, Calif.–based private-label company founded by Fred Kayne, has been acquired by Coast Style Group, also based in Culver City.

New CEO Named at True Religion

At a July 29 special meeting, True Religion shareholders approved the company’s acquisition by TowerBrook Capital Partners at $32 a share, or $824 million.

The Rise in Long-Term Interest Rates and Its Effect on the Apparel Industry

The recent jump in long-term mortgage rates and bond rates means that short-term interest rates will be seeing their own increases down the road as the economy improves. The question is how much more will manufacturers and retailers be paying to borrow money, and when will that happen?

Retail Sales in Los Angeles County Will Rise Modestly in 2013

With housing prices showing healthy gains and the stock market posting healthy results, consumers are feeling more confident than last year, according to the 2013-2014 Mid-Year Economic Forecast and Industry Outlook released by the Los Angeles County Economic Development Corp. on July 17.

M&A Strategies, Advice at Kingpins

M&A Strategies, Advice at Kingpins

Strategies for finding an investor or selling a company were on the agenda at a July 9 panel discussion organized by the California Fashion Association and hosted by Kingpins, during the denim trade show’s July 9-10 run at the Cooper Design Space in downtown LA.

Joe's to Acquire Hudson

Joe's to Acquire Hudson

Joe’s Jeans Inc. signed a deal to acquire Hudson Clothing Holdings Inc. for $97.6 million.

Finance Resources

BBCN Bank, Goodman Factors, Hana Financial, Inc., Milberg Factors, Inc., Rosenthal & Rosenthal, Wells Fargo Capital Finance

June Sales Strong

June Sales Strong

June sales beat forecasts reporting that U.S. chain-store sales increased 3.9 percent in June

Construction and Technology Are Bright Spots for California’s Economy

Construction and Technology Are Bright Spots for California’s Economy

Last year, uncertainty was in the air with an upcoming presidential election

M&A Opportunities for Apparel Companies With a Niche Brand, Financiers Say

The secret to selling an apparel label is to have a niche business that no one has developed.

Finance Resources

CIT Commercial Services, Continental Business Credit, First Capital Western Region, LLC, Goodman Factors, Hana Financial, Inc, etc

Historic Gerry Building for Sale in Fashion District

Historic Gerry Building for Sale in Fashion District

Wholesale showroom space, the Gerry Building, is for sale.