Delia’s files for Chapter 11, closing a chapter on the flowered dresses, wordy t-shirts and chunky heels of the 1990s
The teen retailer Delia’s, a beloved purveyor of flowered dresses and chunky shoes for young women in the 1990s, is seeking Chapter 11 bankruptcy protection and plans to sell all its merchandise and shut down.
The trend-driven company, which was founded in 1993 as a direct-sales business with a popular catalogue, said on Monday that it failed to find a buyer for the business or to arrange financing that would save it. CEO Tracy Gardner, who is a former J Crew executive, and chief operating officer Brian Lex Austin-Gemas resigned on Friday.
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