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Frederick's of Hollywood files for Chapter 11 bankruptcy

2015-04-20 21:14:26| Food - Topix.net

Racy lingerie retailer Frederick's of Hollywood is seeking bankruptcy protection in federal court after closing all of its stores and switching to an online-only business, which it intends to sell to the highest bidder. The privately held company says competition, decreased mall foot traffic and onerous leases helped push it into a Chapter 11 bankruptcy filing.

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