Missed payments send major retailer into Chapter 11 bankruptcy
Yahoo Finance·2026-01-15 08:10
A downturn in the luxury retail industry at the beginning of 2025 has continued and affected major retailers this week. Luxury retailers in 2025 closed store locations and, in some cases, filed for bankruptcy protection. Luxury retailers file for bankruptcy Lugano Diamonds and Jewelry filed for Chapter 11 bankruptcy in November 2025, seeking a sale to a stalking-horse bidder, Enhanced Retail Funding. Another luxury retailer, footwear manufacturer Palm Beach Sandal Company, which was founded in the 1960s ...