Chicago-based fashion retailer Mark Shale has filed for Chapter 11 bankruptcy court protection again, hoping that the third time’s the charm as it seeks a new owner.
The filing in a Chicago bankruptcy court Tuesday was the third time the high-end fashion retailer filed for the so-called “Chapter 33.” Its previous filing was in March 2009. At that time, the eight-unit retailer shuttered five stores. The company kept its flagship on Michigan Avenue as well as stores in Oak Brook, Ill., and Northbrook, Ill. Mark Shale was acquired during its bankruptcy and received $2 million in exit financing from private equity firm JOB Investments. The company first filed for bankruptcy in November 1995, and closed five of its then 13 stores.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"