Retail Detail. Mark Shale Saved!

May 29, 2009 • Shopping

The Mark Shale Chicago store at 900 N. Michigan Ave.

Hooray for Chicago retailers! It was decided Wednesday in a Chicago bankruptcy court that city-based retailer would be granted a $2 million debtor-in-possession financing arrangement from JOB Investments LLC. The apparel company had officially filed for bankruptcy court protection on March 23. The awarded finances, which will be given to Mark Shale's parent organization, Al Baskin Co., means the retailer can continue operations while it searches for a new buyer. The arrangement also ensures that 130 full and part time jobs for the company will be saved.

Article Source: WWD
Photo Source: Michael Roberts

-Alia Rajput 

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