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COLDWATER CREEK EXPECTED TO LIQUIDATE: Women’s specialty chain Coldwater Creek is expected to file a voluntary Chapter 11 petition this week, with the intention of holding an orderly liquidation of its assets, sources said. WWD reported in February that liquidators were circling around the retailer. Some of those liquidators were eyeing the chain as a possible liquidation back in late November, when the company held one promotional sale after the other.
The chain said in October that it was exploring options, including the sale of the company. Since then, it has been in discussions with potential lenders as it tried to get some breathing room after finding that there were few buyers for the chain.
RELATED STORY: Chapter 11 a Possibility for Coldwater Creek >>