Breaking News. Sign of the Times: Mervyns Files For Bankruptcy

July 29, 2008 • Breaking News


This really comes as no surprise as there has been speculation for weeks, however, Mervyns, the California-based mid-tier department store chain, just filed for Chapter 11 bankruptcy protection. According to WWD, the company said it plans to restructure its operations.

The retailer received a $465 million debtor-in-possession financing facility from a lender group led by Wachovia Capital Finance Corp.

Source: WWD

See the Top Ten Summer 2016 Trends for Women Over 40

Tags: ,

Leave a Reply