Tag: Nike and Simon Property

Pacific Sunwear files for Chapter 11 bankruptcy

Reuters – Kendall and Kylie Jenner apparently not enough to save Pacific Sunwear. The struggling teen apparel retailer, which sells the sisters’ clothing line, filing for Chapter 11 bankruptcy protection. Pacific Sunwear has been facing mounting losses and intense competition in the industry. Teen retailers have been losing ground to fast fashion retailers as well as online rivals. The company will convert to a private company, controlled by creditors and investors including private equity firm […]