January 26, 2015
Hurry and make your purchases soon for your high-end ladies dresses and apparel.
Cache has fallen below the Nasdaq’s listing requirements. This upscale boutique was started by a Brooklyn-born housewife in Miami in 1976.
This will be Cache’s 2nd trip to bankruptcy court. They filed a Chapter 11 in 1986 and emerged again in 1988. There are potential buyers looking at this boutique.
This may be a good time to keep Cache on your email updates for potential big savings and sales for your high-end gowns, dresses, etc.
Cache was the first to bring the Mugler, Armani and Versace brands to the U.S.
The shares tumbled 49% on January 22nd reducing its market value to only $3 million.
It was not uncommon to see Cache listed as a creditor on individuals’ bankruptcy petitions; hopefully, after a successful reorganization, can emerge from bankruptcy in order to conduct business as usual.
Call me if you need to decide if NJ bankruptcy is the best option for you: Ralph A. Ferro, Jr., Esq. (201) 446-5904.