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UPDATE 1-Pacific Sunwear files for Chapter 11 bankruptcy protection

2016-04-07 15:17:18| Apparel - Topix.net

April 7 Struggling teen apparel retailer Pacific Sunwear of California Inc filed for Chapter 11 bankruptcy protection on Thursday, succumbing to mounting losses and intense competition in the industry. The Anaheim-based retailer listed assets in the range of $50 million to $100 million, and liabilities of between $100 million and $500 million, according to a court filing.

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