Fashion victim
Plus-size retailer Fashion to Figure succumbed to bankruptcy reorganization on Monday, The Post has learned.
After falling behind on its rent payments and other bills, as reported by The Post last month, the struggling mallbased retailer filed for Chapter 11 in Newark, NJ.
“We rolled out mall stores at a time when the world was changing quite a bit,” the chain’s chief executive, Michael Kaplan, told The Post in October. “We are unwinding [the expansion] and that certainly presents challenges,” he said at the time.
In 2013 private equity firm Perella Weinberg invested $18.2 million in the retailer to help fuel its ill-timed expansion.
The company operates 26 stores and listed $1 to $10 million in assets and the same amount in liabilities, according to the filing.