Count another casualty in the fashion sector.
Love Culture, which sells affordable appareland accessories for women 18 to 35 under the Love Culture brand andsomewhat more upscale clothing as Boutique Culture, has filed forChapter 11 Bankruptcy in New Jersey.
Founded in 2007 by former Forever 21 executives, the chain grewquickly (probably too quickly) and now has more than 80 stores in26 states. The company is likely to pursue a sale, possibly toanother retailer, and will “close underperforming stores” according to BloombergNews.
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