August 28, 2016 9:45 AM ET

Specialty Retail

Company Overview of Coldwater Creek Inc.

Company Overview

On September 26, 2014, Coldwater Creek Inc. went out of business under Chapter 11 liquidation as per its bankruptcy filing. Coldwater Creek Inc. operates as a multi-channel specialty retailer of women's apparel, jewelry, and accessories in the United States. It operates in two segments, Retail and Direct. The Retail segment operates premium retail stores located in lifestyle centers, traditional malls, and street locations; factory outlet stores; and day spas that provide spa treatments, including massages, facials, body treatments, manicures, and pedicures, as well as relevant apparel and personal care products. As of November 2, 2013, it operated 343 premium retail stores; and 36 factory ...

One Coldwater Creek Drive

Sandpoint, ID 83864

United States

Founded in 1984

2,500 Employees

Phone:

208-263-2266

Fax:

208-263-1582

Key Executives for Coldwater Creek Inc.

Coldwater Creek Inc. does not have any Key Executives recorded.

Coldwater Creek Inc. Key Developments

Third Amended Liquidation Plan Approved for Coldwater Creek Inc.

The US Bankruptcy Court approved the third amended plan of liquidation of Coldwater Creek Inc. on September 17, 2014. As per the approved plan, administrative claims, priority tax claims, statutory fees and fee claims shall be paid in full in cash. Term loan claims of $90.74 million shall be paid in full in cash on July 23, 2014 and no further payment will be made under the plan. Priority non-tax claims and other secured claims shall be paid in full in cash. General unsecured claims shall receive pro rata share of liquidating trust interests on the effective date. The estimated recovery will be of 10.5% of the allowed claims. Guaranteed claims shall receive pro rata share of liquidating trust interests on the effective date. The estimated recovery will be of 17.30 % of the allowed claims. Coldwater/Aspenwood claims shall receive pro rata share of liquidating trust interests on the effective date. The estimated recovery will be of 12.60% of the allowed claims. Intercompany claims shall not receive any distribution on the effective date and will be cancelled. Intercompany interests shall not receive any distribution on the effective date and will be cancelled. The DIP Facility Claims and ABL Claims were previously paid in Cash in full and satisfied. Holders of DIP Facility Claims and ABL Claims shall not receive any Distributions under this Plan. Interests in Coldwater shall not receive any distribution on the effective date and will be cancelled.

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