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Shoemaker Hits Ch. 11 With Plans To Negotiate Rent Deals

Law360 (March 6, 2018, 7:29 PM EST) -- Comfort-shoe maker and retailer The Walking Company hit Chapter 11 Tuesday in Delaware with plans to renegotiate leases with the landlords of its store locations in order to secure a capital injection to help it survive post-bankruptcy.

In a first-day declaration, The Walking Company Holdings Inc. President and CEO Andrew Dd. Feshbach said the company’s fortunes have faded since it emerged from a previous bankruptcy in 2010, as internet retailers and big-box stores have affected its revenue in recent years.

The earlier bankruptcy came as the...
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