Known clothing company has gone bankrupt - $182 million in debt


July 7, Fineko/abc.az. Some large companies have already closed or declared bankruptcy because of the pandemic.

ABC.AZ reports that one more company in the U.S. declared bankruptcy.

So, ready-to-wear brand Lucky Brand with more than 200 stores in America, which has been operating for more than 30 years, has already filed for bankruptcy.

Along with the debt of $182 million, the company still has to provide sellers with $79 million.