Wait, did this really happen?? According to the Los Angeles Times today, Rock and Republic had to file for chapter 11 bankruptcy protection. Apparently filing would help tone down some pressure on their balance sheets. I don't know if anyone saw this coming.
"Filing is a strategic action that will alleviate balance sheet burdens and will enable us to adopt the financial and operational initiatives needed to support the brand's growth needs," said Geoffrey D. Lurie, the privately held company's newly named chief reconstructing officer.
So don't worry if you're a die hard Rock and Republic fan because they're still sticking around to make sure your asses have giant R's on them. This just goes to show anything can happen in the fashion industry, and as Heidi Klum says, "one day you're in, and the next day you're out."
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