Hampshire Group Ltd., a provider of fashion apparel across a range of product categories, channels of distributions and price points, and two of its U.S. subsidiaries have filed voluntary petitions for chapter 11 bankruptcy relief in the United States Bankruptcy Court for the District of Delaware (Case No: 16-12634). The petition lists between $10 million and $50 million in both assets and liabilities. According to the debtor’s press release, the company has received a commitment from Salus Capital Partners LLC, its senior secured creditor, for the use of cash collateral to facilitate the orderly wind-down of its licensed business operations.
