FREDERICK'S OF HOLLYWOOD FILES CHAPTER 11 PETITION.(Statistical Data Included)

From: WWD | Date: July 12, 2000| Author: | Copyright information

NEW YORK -- Frederick's of Hollywood took the first step towards putting a past of rising debt and declining market share behind it late Monday when it filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Central District of California in Los Angeles.

Frederick's is seeking court permission to enter into a debtor-in-possession financing agreement with Ableco Finance, a special situations lending company. Ableco is affiliated with Cerberus Capital Management and Gabriel Capital Group.

Frederick's said in court documents that it expects to ...

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