Bad news for the youth focused US retailer.
It’s recently been confirmed that PacSun has filed for chapter 11 bankruptcy.
Gary H. Schoenfeld, the company’s CEO, disclosed the unfortunate news via the PacSun website only days ago while also revealing that quity firm Golden Gate Capital will be taking control of the retailer making it a privately owned business.
They currently plan to keep all retail stores open with no disruption to business.
