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Denim News: Rock & Republic Files For Bankruptcy Protection

Rock & Republic Nash in Guilty BlackIn the past month, I’ve seen Rock & Republic Cosmetics up for sale on Gilt Groupe, which may be an indicator that this line will go away.  My next prediction: Rock & Republic’s Pet Accessories.

Rock’s Spring 2010 collection is way SoCal cool.  Think slacker, aspiring writer and Reality TV rich kid.  It’s a big departure from its previous polished, east coast-vibed “Noir” collection.  Their current collection may just save the company in the nick of time.

— Kathy Ng Hassan

From California Apparel News:

Rock & Republic Files for Bankruptcy to Reorganize

April 02, 2010

Rock & Republic, a premium-denim lifestyle brand based in Culver City, Calif., filed for Chapter 11 bankruptcy protection on April 1 in U.S. Bankruptcy Court in New York due to a huge debt owed to Richard Koral.

The company, founded in 2002 by Michael Ball, has hired Geoffrey Lurie as its chief restructuring officer and has secured $7.5 million from CIT Group, its factor. Lurie helped turn around The North Face Inc. in the late 1990s.

Calls to Rock & Republic for comment were not returned by press time, but court filings indicate the denim maker??™s primary reason for the petition??™s filing is a $15 million debt owed to RFK, LLC, a company owned by Koral, an off-price seller of branded goods that include Rock & Republic. Koral??™s brother, Peter Koral, is a co-founder of 7 For All Mankind, another premium-denim label.  Click here to read more.


Posted Apr 13 2010 in Uncategorized

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