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Cache Plans Liquidation in Latest Retail Clothing Bankruptcy

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Cache Inc., the women’s clothing chain known for helping popularize Armani designs in the U.S., joined a growing list of retailers seeking bankruptcy and plans to liquidate most of its assets.

The Chapter 11 filing Wednesday in Delaware comes days after Cache said it was considering a sale through the bankruptcy process. The New York-based company listed liabilities of as much as $100 million and assets of $53.7 million, including $27.5 million in inventory.