`CRUSHING' DEBT LOAD FORCING FREDERICK'S TO FILE CHAPTER 11.(Company Profile)(Statistical Data Included)

From: WWD | Date: July 11, 2000| Author: | Copyright information

NEW YORK -- Frederick's of Hollywood, one of the most famous -- and risque -- names in the lingerie business, will file for Chapter 11 bankruptcy protection today.

The bankruptcy petition -- which, surprisingly, follows the June 16 acquisition of the 54-year-old lingerie specialist by Wilshire Partners, a private investment firm based in Newport Beach, Calif. -- will be filed in the United States Bankruptcy Court for the Central District of California, Frederick's officials told WWD Monday.

They said the primary reason for Frederick's seeking bankruptcy protection ...

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