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RIP True Religion

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

  1. Buu
    Posts: 6,225
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    Joined: Dec 3, 2016
    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
     
    #1
    5
    Sign Language, Cunner, 83837477 and 2 others like this.
    5
    Sign Language, Cunner, 83837477 and 2 others like this.
    Jul 22, 2025
  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
    Jul 22, 2025
  3. 1999
    Posts: 16,157
    Likes: 33,318
    Joined: Dec 15, 2016

    1999

    Jul 5, 2017
    Why is there a random a--- picture of OJ being arrested
    :westbrook3:
     
    #3
    5
    Sign Language, 83837477, DKC and 2 others like this.
    5
    Sign Language, 83837477, DKC and 2 others like this.
    Jul 22, 2025
  4. Jehovah
    Posts: 13,355
    Likes: 32,978
    Joined: Mar 14, 2015

    Jehovah SB3

    Jul 5, 2017
    I actually thought of that keef song when I saw the title
     
    #4
    0 0
    Jul 22, 2025
  5. Detroit24
    Posts: 8,299
    Likes: 12,051
    Joined: Feb 15, 2011

    Detroit24

    Jul 5, 2017
    The OJ picture is actually the best 1 of them all...Juice!!
     
    #5
    0 0
    Jul 22, 2025
  6. Kevin
    Posts: 4,913
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    Location: Killafornia

    Kevin Migo

    Jul 5, 2017
    He's wearing True Religion jeans you maroon.
     
    #6
    2
    Buu and Caine like this.
    2
    Buu and Caine like this.
    Jul 22, 2025
  7. Caine
    Posts: 1,600
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    Joined: Jul 6, 2017

    Caine

    Jul 6, 2017
    That doesn't necessarily mean True Religion's gonna be defunct though.
     
    #7
    0 0
    Jul 22, 2025
  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
    1
    JIGGA MANE likes this.
    1
    JIGGA MANE likes this.
    Jul 22, 2025
  9. Sign Language
    Posts: 11,801
    Likes: 24,732
    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
    Jul 22, 2025
  10. JIGGA MANE
    Posts: 3,886
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    Joined: Apr 24, 2015

    JIGGA MANE

    Jul 16, 2017
    Old heads still wearing Girbauds it def will make a comeback
     
    #10
    0 0
    Jul 22, 2025
  11. Lucy
    Posts: 28,737
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    Lucy #1

    Jul 16, 2017
    who?
     
    #11
    0 0
    Jul 22, 2025
  12. BurlyDodger
    Posts: 24
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    Joined: Jun 15, 2017

    BurlyDodger

    Jul 17, 2017
    Never understood the hype for this brand
     
    #12
    0 0
    Jul 22, 2025