Famous name fashion retailer files Chapter 11 bankruptcy

Core Insights - Brooke Rodd, a retail brand founded by Brooke Lanier Rodd, has filed for Chapter 11 bankruptcy protection, seeking to restructure its debt while keeping its Santa Monica store operational [5][6]. Company Background - Brooke Lanier Rodd began her career in the music industry, working with notable figures and artists at The Hit Factory Recording Studio and Arista Records [1][2]. - Transitioning from music to fashion photography, Rodd eventually established her retail brand in Los Angeles, inspired by her appreciation for vintage style and unique treasures [3][4]. Bankruptcy Filing - The bankruptcy filing is categorized as a Chapter 11 Subchapter V petition, which is a streamlined reorganization option for small businesses [6]. - The company cited a significant imbalance between its assets and liabilities as the reason for the bankruptcy [6]. - The filing includes a request for court approval of a reorganization plan that would allow the business to pay creditors while remaining operational during the restructuring process [7].