Bakers Footwear Group filed for Chapter 11
protection last month in the U.S. Bankruptcy Court in the Eastern District
of Missouri. At the time of the filing, the retailer operated a total of
213 stores in 34 states. "The company has received financing commitments
to continue operating the remaining 63 stores in hopes of reorganizing around
a smaller business," noted Jim Thieken, Senior Vice President at SB. "If
such a refinancing does not occur, Tiger Group and SB Capital would then
liquidate the inventory in those locations." Approximately 1,325 store and
district personnel have been retained to assist the joint venture in operating
the 150 stores through the completion of the sale process. For a list of
the 150 locations being liquidated, go to: http://tigergroupllc.com/bakers-sale |
Bakers is the leading specialty
retailer of fashion-forward footwear for hip, style-driven young women.
Bakers successfully maintains a strong and trusted relationship with young
women who love shoes by consistently offering the latest fashion merchandise
at affordable prices. Their Bakers website offers
many of the latest fashion merchandise found in their
Bakers stores nationwide. They are THE destination
for young women seeking the latest in fashion footwear. Bakers is owned
and operated by Bakers Footwear Group, a St. Louis based retail company.
In addition to the Bakers brand, their stores
also offer many other brands including Steve Madden, bebe, Diesel, Restricted,
Rocket Dog and Skechers. Bakers Footwear Group currently operates over 200
stores in 36 states.
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