Urbanwear retailer Against All Odds USA Inc. filed for Chapter 11 bankruptcy court protection on Monday, joining the growing procession of stores at risk of dissolution. That same day, Goody’s Family Clothing Inc. decided to liquidate its operations.
Against All Odds was founded in 1995 by Kenny Khym. The petition listed Wicked Fashions Inc. of Fort Lee, N.J., as the top unsecured creditor, owed $3.9 million. Wicked is the manufacturer of Southpole, the hip-hop line cofounded by Khym and his brother David and owned by David.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"