PE-backed Lucky Brand Dungarees files for bankruptcy: USA Today

Retailer Lucky Brand Dungarees, a portfolio company of Leonard Green & Partners LP, has filed for Chapter 11 bankruptcy, citing the coronavirus pandemic as the source of its financial troubles, reported USA Today.

Retailer Lucky Brand Dungarees, a portfolio company of Leonard Green & Partners LP, has filed for Chapter 11 bankruptcy, citing the coronavirus pandemic as the source of its financial troubles, reported USA Today. Lucky Brand is planning on selling its business to the SPARC Group, operator of Aéropostale and Nautica.

Source: USA Today