Lucky Brand Files for Chapter 11 Amid COVID-19 Pandemic

Lucky Brand has filed for bankruptcy amid the COVID-19 pandemic, joining a long list of other companies that have been forced to do the same. The company's assets are being purchased by SPARC Group LLC, proprietors of labels like Aéropostale and Nautica. "Substantially all" of Lucky Brand's assets will be acquired, including intellectual property. Lucky Brand's CEO Matthew Kaness noted, "the Covid-19 pandemic has severely impacted sales across all channels. While we are optimistic about the reo...