By  on September 8, 2009

Three creditors of Signature Apparel Group last week sought to force the Rocawear licensee into bankruptcy.

The petitioning creditors, representing about $14.9 million in debt past due, filed an involuntary Chapter 7 petition in a Manhattan bankruptcy court on Friday.

New York-based Signature manufactures apparel largely for the urban market. It holds licenses for Rocawear in the junior category as well as Artful Dodger, another urban brand. Signature also owns the Fetish trademark, which it relaunched with the rapper Eve for holiday 2008, after the line had separate unsuccessful stints with Marc Ecko Enterprises and Innovo Group.

According to court documents, the petitioners are: Hitch & Trail Inc., New York, owed $3.6 million; Talful Ltd., Kwai Chung, New Territories, Hong Kong, $4.8 million, and Harvestway China Ltd., Kowloon, Hong Kong, $6.5 million.

Signature could not be reached for comment at press time. The company has 20 days to respond to the petition.

Around the time of the Fetish relaunch, sources close to the company told WWD they expected the brand to bring in about $10 million in wholesale volume in its first year.

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