What’s Next for PacSun as they File for Bankruptcy?

PacSun

Earlier in the week, PacSun announced they would be filing for Chapter 11 Bankruptcy.

Bloomberg reported the company was facing a debt of around $160 million after shares dropped 90 percent within the last 12 months.

The following is a letter PacSun posted on its website. At this point no stores will be closing. There is one location of PacSun in Williamson County located at the CoolSprings Galleria. PacSun was founded in 1980 with its first location in Las Vegas. Offering brands like Quicksilver, Hurley, O’Neil, Vans and Converse.

PacSun

 

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