Anaheim, calif, april 07, 2016 (globe newswire) -- pacific sunwear of california, inc (nasdaq:psun) announced today that it and all of its subsidiaries (collectively, pacsun or the company) have entered into a restructuring support agreement (the rsa) with affiliates of golden gate capital. Read about the history of pacific sunwear of california, inc explore the company's history, profile, and timeline find the key facts you're looking for. The latest litigation news, cases and dockets involving the company pacific sunwear of california inc (. Pacific sunwear of california inc, better known at pacsun, will close its store in lynchburg's river ridge mall in may. The bankruptcy filing from pacific sunwear of california inc comes just seven months after surfwear retailer quicksilver -- another ubiquitous presence in malls during the 1990s -- announced its chapter 11 reorganization and ailing teen retailer aeropostale inc said last month that it was considering. 2015 annual report and form 10k pacific sunwear of california inc pdf form 10k (html) pacific sunwear of california inc does not currently have any hardcopy reports on annualreportscom click the button below to request a report when hardcopies become available request information.
Struggling teen retailer pacific sunwear of california inc filed for bankruptcy thursday in an effort to reduce its long-term debt by 65% and lower operating costs to “better match the shifting retail landscape” the company's battered stock was worth a dime a share at wednesday's close, down from its. Teen apparel retailer pacific sunwear of california inc psuno filed for chapter 11 bankruptcy protection on thursday, succumbing to mounting losses and intense competition from fast-fashion retailers and online rivals. The us bankruptcy court for the district of delaware confirmed pacific sunwear of california inc's restructuring plan tuesday, a move that enabled the retail chain to emerge from bankruptcy under ownership of lender golden gate capital the chapter 11 process took five months and enabled.
Prominent mall retailer pacific sunwear of california inc was sued in los angeles superior court by a former employee for on-call scheduling, which the plaintiff contends resulted in lost wages and haywire scheduling. Pacific sun files for bankruptcy to shed high rent, high debt load and will go private, owned by buyout firm golden gate capital pacific sunwear latest retailer to file for bankruptcy still, pacsun, the go-to store for years for california cool, hurt itself in recent years by focusing more on streetwear. Beachy teen retailer pacific sunwear of california inc used to be the place to go for surf and skate apparel but on thursday, the anaheim apparel company commonly known as pacsun filed for chapter 11 bankruptcy protection, the latest in a string of california teen activewear retailers that have struggled. Certification of counsel regarding reorganized debtors' motion for issuance of a final decree and order: (a) closing the chapter 11 cases and (b) terminating the services of the court-appointed claims and noticing agent ( related document(s)1240) filed by pacific sunwear of california, inc ( attachments: # 1 exhibit.
Pacific sunwear of california, inc (pacsun) is a specialty retailer rooted in the action sports, fashion and music influences of the california lifestyle the company sells casual apparel, accessories and footwear designed to appeal to teens and young adults the company designs, produces and distributes clothing and. Pacific sunwear of california, inc and its subsidiaries is a leading specialty retailer rooted in the action sports, fashion and music influences of the california lifestyle the company sells a combination of branded and proprietary casual apparel, accessories and footwear designed to appeal to teens and young adults.
Pacific sunwear of california inc (also known as pac sun) is a us based retail clothing company rooted in the youth culture and fashion vibe of southern california in other words the store sells themed clothing wearing the clothing doesn't make you a skater nor will it make you a poser if you buy clothing for that reason. We all know being involved in retail means very risky business if you're teen retailer pacific sunwear of california, inc (nasdaq:psun), it's an even riskier business pacific sunwear is easily one of the most volatile stocks in the market over the past 52 weeks, the stock has traded between $117 and.
Golden gate capital and pacific sunwear of california, inc and all of its subsidiaries (collectively, “pacsun” or. Shop california lifestyle clothing and latest fashions at pacsuncom. Pacific sunwear of california, which thrived in the 1990s and early 2000s as the purveyor of skate-and-surf cool, filed for bankruptcy protection on thursday under a debt-for-equity restructuring agreement, the company plans to be taken private by golden gate capital under the deal, pacific sunwear,.
The average pacific sunwear of california, inc (pac sun) salary ranges from $36,650 to $105,000 a year pacific sunwear of california, inc (pac sun) employees with the job title senior marketing manager make the most with an average annual salary of $105,000, while employees with the title. Read reviews, compare customer ratings, see screenshots, and learn more about pacsun download pacsun the easy-to-use pacsun app elevates your shopping experience and provides you with the best in shoes, clothing, and accessories don't believe us seller: pacific sunwear of california, inc size: 845 mb. Pacific sunwear of california, inc, branded as pacsun, is a united states-based retail clothing brand rooted in the youth oriented culture and lifestyle of california the company sells lifestyle apparel, along with footwear and accessories designed for teens and young adults as of late 2017, the company operated over 600.
How did it come to this pacific sunwear of california inc filed for bankruptcy protection from creditors thursday, hoping a restructuring could help turn around the 36-year-old surf retailer's fortunes once a staple merchant of california cool, pacsun wasn't able to adapt as fashion trends left surfwear. Anaheim-based pacific sunwear of california inc won court approval to exit bankruptcy after cutting debt, closing some stores and pressuring landlords to reduce rent at the malls where the teen-clothing chain does business “that's every distressed retailer's dream,” poonam goyal, a retail analyst with. Pacific sunwear of california inc financial and business news, updates, and information from the new york times and other leading providers.