Coldwater Creek History
Earlier company descriptions, brand line-ups, store counts and photographs from the history of Coldwater Creek, kept for historical reference.
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The Company Description of Its Time
This profile is two records in one, and the original labels the join itself: a relaunch story on top, and below it, under the heading 'information for historical reference', the bankruptcy record. In June 2014 Sycamore Partners, owner of brands including Talbots, Nine West and Stuart Weitzman, purchased Coldwater Creek's intellectual property - use of the name, logo and customer list - through CWC Direct LLC, and opened new headquarters in Hingham, Massachusetts. On November 3, 2014, Coldwater Creek was re-launched as a catalog and online-only retailer. In early 2018, a new Coldwater Creek store opened in Burlington, Massachusetts, the company's first brick-and-mortar store in three years. Since the 2014 reinvigoration, over a million customers - longtime fans and newcomers - have shopped their catalogs and website.
The 2014 Chapter 11 Filing, As Recorded
On Friday April 11, 2014, women's clothing and accessories retailer Coldwater Creek Inc. said the company and all of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware. Coldwater Creek said it had been looking for potential alternatives over the past several months, including sale of the company; unfortunately the retailer failed to find a potential buyer or a source of capital to provide liquidity, and after investigation the Board of Directors determined that liquidation would be the best way to maximize value for the company's creditors.
The filing arrangements are kept in full because they are the record's most consequential details: the company intended to hold going out of business sales in the coming months, expected to commence sales to liquidate inventory in early May 2014, had reached an agreement with its lenders on the bankruptcy filing to maximize creditor recoveries and reduce administrative expenses, and had agreed to let inventory liquidators Gordon Brothers Retail Partners, LLC and Hilco Merchant Resources, LLC manage the inventory clearance sales. Read against the relaunch account above, the sequence is exact and worth holding together: liquidation of the old company in spring 2014, purchase of the name, logo and customer list in June 2014, and a catalog-and-online relaunch under new ownership that November.
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