Consumer
Footwear Maker Shoes for Crews Files Bankruptcy With Sale Plans
- Company blamed struggles on pandemic, increased competition
- Shoes for Crews plans to sell itself to first-lien lenders
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Slip-resistant footwear maker Shoes for Crews filed for bankruptcy with plans to sell the business to lenders.
The CCMP Capital Advisors-backed company sought Chapter 11 protection in Delaware on Monday, listing assets of at least $100 million against at least $500 million of liabilities in its petition.