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On April 11, 2014, Coldwater Creek announced that it was filing for Chapter 11 bankruptcy, listing $278.5 million in assets and $361.3 million in debt. In a statement the company said that it had “engaged in a thorough analysis of all potential alternatives” but had failed to find a buyer or a source of funds to support continued operations.
On December 7, 2023, Soft Surroundings was sold to Coldwater Creek. [8] Coldwater Creek, which had filed a Chapter 11 bankruptcy petition in 2014, was acquired by Hong Kong-based procurement, logistics and product development company, Newtimes Group, in 2020. Newtimes Group is one of the world's largest suppliers to the apparel industry.
Soft Surroundings filed for Chapter 11 bankruptcy on September 11, 2023, announcing plans to close all 44 of its stores and sell its online and catalog business to Coldwater Creek. [275] Southeastern Grocers, owner of BI-LO, Harveys, Winn-Dixie, and Fresco y Más, filed for Chapter 11 bankruptcy on March 15, 2018. It closed down 94 out of 528 ...
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Coldwater Creek's (NAS: CWTR) turnaround plan is in full swing according to management - but it's pretty difficult to tell that it's working based on the figures the company released late last night.