RIP True Religion

Started by Buu, Jul 5, 2017, in Life Add to Reading List

  1. Buu
    Posts: 6,225
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    Location: the warzone

    Buu

    Jul 5, 2017
    True Religion Brand Jeans, burdened by an expensive pile of debt, on Monday filed a pre-pack Chapter 11 petition that will hand control of the Los Angeles company over to creditors.

    Under a deal with lenders, TowerBrook Capital Partners, the New York private equity firm that owns the denim company, will cut True Religion’s debt by more than 75 percent, or $350 million.

    TowerBrook, which also owns apparel retailer J.Jill, Kaporal Jeans and the NHL’s St. Louis Blues, will retain a minority stake.

    True Religion expects the reorganization to take 90 to 120 days, it said in a statement.

    “After a careful review, we are taking an important step to reduce our debt, reinvigorate True Religion’s iconic brand and position the company for future growth and success,” John Ermatinger, the company’s president and CEO, said in a statement.
    Click to expand...​
    let's pay respect to the great horse shoe
    288r4lj.jpg oj.jpg truereligionkeef.jpg
    gucci-mane-true-religion-jimmy-jacket.jpg
    russell_westbrook_for_true_religion.jpg
    Tity_Boi_Tru_Realigion-front-large.jpg
     
    May 23, 2022
  2. Sp00ky
    Posts: 2,031
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    Sp00ky SectionEighty's Friendly Robot

    Jul 5, 2017
    in 10 years when true religions make a comeback :sweatt:
     
    #2
    0 0
    May 23, 2022
  3. 1999
    Posts: 16,157
    Likes: 33,316
    Joined: Dec 15, 2016

    Jul 5, 2017
    Why is there a random a--- picture of OJ being arrested
    :westbrook3:
     
    #3
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    Sign Language, 83837477, DKC and 2 others like this.
    5
    Sign Language, 83837477, DKC and 2 others like this.
    May 23, 2022
  4. Jehovah
    Posts: 13,355
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    Joined: Mar 14, 2015

    Jehovah SB3

    Jul 5, 2017
    I actually thought of that keef song when I saw the title
     
    #4
    0 0
    May 23, 2022
  5. Detroit24
    Posts: 5,461
    Likes: 7,306
    Joined: Feb 15, 2011

    Jul 5, 2017
    The OJ picture is actually the best 1 of them all...Juice!!
     
    #5
    0 0
    May 23, 2022
  6. Kevin
    Posts: 4,095
    Likes: 4,458
    Joined: Feb 15, 2011

    Kevin Fets Luck

    Jul 5, 2017
    He's wearing True Religion jeans you maroon.
     
    #6
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    Buu and Caine like this.
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    Buu and Caine like this.
    May 23, 2022
  7. Caine
    Posts: 1,600
    Likes: 2,777
    Joined: Jul 6, 2017

    Jul 6, 2017
    That doesn't necessarily mean True Religion's gonna be defunct though.
     
    #7
    0 0
    May 23, 2022
  8. Buu
    Posts: 6,225
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    Joined: Dec 3, 2016
    Location: the warzone

    Buu

    Jul 6, 2017
    It means they will slowly stop operations
     
    #8
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    JIGGA MANE likes this.
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    JIGGA MANE likes this.
    May 23, 2022
  9. Sign Language
    Posts: 11,356
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    Joined: Jan 2, 2015
    Location: Screwston

    Sign Language We miss you Screw

    Jul 6, 2017
    d---, i went into a TR store about a month ago. Weird
     
    #9
    0 0
    May 23, 2022
  10. JIGGA MANE
    Posts: 3,885
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    Joined: Apr 24, 2015

    Jul 16, 2017
    Old heads still wearing Girbauds it def will make a comeback
     
    #10
    0 0
    May 23, 2022
  11. Australia
    Posts: 28,106
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    Joined: Nov 29, 2014

    Jul 16, 2017
    who?
     
    #11
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    May 23, 2022
  12. BurlyDodger
    Posts: 24
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    Joined: Jun 15, 2017

    Jul 17, 2017
    Never understood the hype for this brand
     
    #12
    0 0
    May 23, 2022