L’Occitane U.S. files for Chapter 11 bankruptcy, closing unprofitable stores

loccitane u s files for chapter 11 bankruptcy closing unprofitable stores

Sumary of L’Occitane U.S. files for Chapter 11 bankruptcy, closing unprofitable stores:

  • Division of L’Occitane en Provence filed for Chapter 11 bankruptcy on Tuesday as it seeks to close unprofitable stores..
  • business continues to be “impacted by disproportionately high store rent obligations that are no longer tenable.”…

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