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Destination Maternity Files for Ch. 11 Bankruptcy

29 days ago   |   By

Destination Maternity has joined the growing list of retailers to file for bankruptcy.
Once the world's largest maternity apparel retailer, Destination Maternity filed a chapter 11 bankruptcy petition Monday in a Delaware court, citing $260.2 million in assets and another $244 million in debt as of Oct. 5.
“This decision is a difficult, but necessary one,” Lisa Gavales, chair of the office of the chief executive officer, interim ceo and director, said in a statement. “In a challenging retail environment, we have had to make some very tough choices, but we are confident that the steps taken...
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