CH. 11 FOR CAROL’S DAUGHTER FREESTANDING STORES: CD Stores LLC, formerly known as Carol’s Daughter Stores LLC, is in bankruptcy. CD Stores on Thursday filed a voluntary Chapter 11 petition in a Manhattan bankruptcy court. The filing listed assets and liabilities each in the range of $1 million to $10 million. The parent company and owner of the Carol’s Daughter brand, Carol’s Daughter Holdings LLC, did not file for bankruptcy court protection. The brand sells natural beauty products for hair, body and skin care.
In a filing with the court signed by John D. Elmer, the chief financial officer and chief operating officer for Carol’s Daughter Holdings, said the plan is to restructure operations for the two New York stores. The locations are at 125th Street in Harlem and at the Atlantic Terminal in Brooklyn. CD Stores is the guarantor on the 125th Street store lease. Carol’s Daughter products are sold on the company Web site and via other sites.
This story first appeared in the April 29, 2014 issue of WWD. Subscribe Today.