New York, NY 10018
January 2015: According to
Bloomberg on January 22, 2015, "Cache Inc. (CACH), an almost 40-year-old
clothing chain known for helping popularize Armani and Versace designs
in the U.S., is preparing to file for
bankruptcy, said people with knowledge of the situation. The move
is expected as soon as next week, said the people, who didn't want to be
identified because the matter isn't public. Cache said last month that
it was exploring options and had received an inquiry from a potential
buyer. The company hasn't provided an update on the process since then."
This would be Cache's second trip to bankruptcy court. It filed a
Chapter 11 petition in 1986 and emerged in 1988. Read more at the
Cache Bankruptcy 2015 blog post.
October 2013 Summary: Cache, Inc.,
together with its subsidiaries, operates as a mall and Web based specialty
retailer of women's lifestyle sportswear and dresses in the United States.
Its merchandise offerings include eveningwear, and casual and daytime sportswear
comprising tops, bottoms, dresses, and accessories. It designs and markets
sportswear, such as related tops and bottoms for day or out for evening
events; dresses, including shorter lengths for day-time, cocktail, day-into-evening
wear, and special occasion long dresses; and accessories consisting primarily
of jewelry, belts, and handbags under the Cache brand name. The company
also sells its products online. As of May 14, 2013, it operated 249 stores
in 41 states, Puerto Rico, and the U.S. Virgin Islands. The company was
founded in 1975 and is headquartered in New York, New York.
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