US custom clothing brand J Hilburn files for bankruptcy

Pic: J.Hilburn


US on line men’s personalized outfits brand J. Hilburn not too long ago filed for Chapter 11 bankruptcy. Started in 2007, the business is hoping to reorganise below the safety of the US Bankruptcy Court in Dallas. The business, which laid off an undisclosed amount of employees at its Dallas headquarters final month, anticipates no interruptions in business.

J. Hilburn said in the initial filing that it has assets of below $10 million, but owes extra than that to suppliers.

Its money owed include $six.55 million to Hong Kong-based TAL Group, $806,052 to Portugal-based Criaimie Rua do Facho and $665,957 to the provide chain answers division of UPS, according to US media experiences. It owes $2.seventy three million on a term loan with Austin-based Escalate Money Associates.

“Together, the business and our stylists group, alongside with our loyal clientele, will weather this economic turmoil and occur out on the other aspect as a more robust and extra thriving business,” business chief executive officer David DeFeo said in a assertion.

Fibre2Fashion News Desk (DS)

US on line men’s personalized outfits brand J. Hilburn not too long ago filed for Chapter 11 bankruptcy. Started in 2007, the business is hoping to reorganise below the safety of the US Bankruptcy Court in Dallas. The business, which laid off an undisclosed amount of employees at its Dallas headquarters final month, anticipates no interruptions in business.