Women's Clothing Retailer Ashley Stewart Seeks Bankruptcy

Law360, New York (March 10, 2014, 5:12 PM EDT) -- Plus-sized women’s retailer Ashley Stewart Holdings Inc. sought Chapter 11 protection Monday — four years after the former owner of the brand sought bankruptcy — with the hope of selling all of its assets to keep the company’s operations afloat.

Blaming its liquidity shortage on the overall decline of brick-and-mortar retail stores, damage from Superstorm Sandy, this year’s brutal winter and missteps taken by former management, the Secaucus, N.J.-based company said it closed 12 stores during December 2013 and this past January and eliminated positions in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.