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Menswear brand J. Hilburn files for bankruptcy

Dallas-based online men’s custom clothing brand J. Hilburn has filed for Chapter 11 bankruptcy. The company, which was founded in 2007 in Dallas and made it through the Great Recession as a startup, is trying to reorganise under the protection of the U.S. Bankruptcy Court in Dallas. The tailored men’s clothing line tried to pivot some in recent years by adding more casual apparel, including jeans, but its main lines were formal wear, custom suits and shirts. The company laid off an undisclosed number of employees at its Dallas headquarters last month.

Hilburn sells through a network of personal stylists and directly to customers online. The company said it anticipates no interruptions in business, and all current and future orders will be filled. Stylists work on commission and meet with customers at their homes, offices or in showrooms in Dallas, New York, Boston and Bellevue, outside of Seattle. J. Hilburn owes $15,621 in rent to Inwood Village, where it opened its first showroom in 2016. J. Hilburn said in the initial filing that it has assets of under $10 million, but it owes more than that to vendors. Debts include $6.55 million to Hong Kong-based TAL Group, $806,052 to Portugal-based Criaimie Rua do Facho and $665,957 to the supply chain solutions division of UPS. It owes $2.73 million on a term loan with Austin-based Escalate Capital Partners. Several shareholders were listed from Dallas and Menlo Park, Calif. The company raised $13.8 million in 2013, and it’s listed as an active investment of Boston-based Battery Ventures.

 
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