On February 4, 2015, women’s clothing retailer, Cache Inc., filed a chapter 11 bankruptcy case in Delaware.  The petition lists the top 30 unsecured creditors.  Two of the largest creditors are landlords Simon Property Group and General Growth Properties.  Reports indicate that Cashe is in default of about 50 of their retail leases.  According to the Declaration of Anthony Dipippa, Executive VP and CFO of Cache, which was filed in support of the bankruptcy, Cashe targets stylish and fashion conscious women ages 25 to 55 years old.  As of the end of January 30, 2015, Cashe operated 218 stores in 40 states, Puerto Rico and the U.S. Virgin Islands.  The company has a workforce of over 2500 employees, some of which are fulltime and others who are part-time.  According to Mr. Dipippa, net income declined from 2.1 million in F/Y 2011 to net losses of 34.4 million in F/Y 2013.  In August of 2014, the Board engaged an investment banking firm to explore strategic alternatives.  Simultaneously with its bankruptcy filing, Cashe has sought approval of its entry into an Agency Agreement with SB Capital Group, LLC and Tiger Capital Group, LLC, and is seeking to conduct an auction for the sale if its assets, either on a going concern basis or via chain-wide store closing sales and liquidation.  The case has been docketed in the Delaware Bankruptcy Court as case no. 15-10172, and has been assigned to The Honorable Mary F. Walrath.  First day motions are scheduled to be heard at 2:00 p.m. (eastern) on February 5, 2015.