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On April 11, 2014, Coldwater Creek announced that it was filing for Chapter 11 bankruptcy, listing $278.5 million in assets and $361.3 million in debt. In a statement the company said that it had “engaged in a thorough analysis of all potential alternatives” but had failed to find a buyer or a source of funds to support continued operations.
Brentwood Associates (2012-23) Coldwater Creek. (2023-present) Website. www.softsurroundings.com. Soft Surroundings is an American catalog chain specializing in women's clothing and bedding products. Based in St. Louis, Missouri, it currently has 44 locations nationwide, most of which are located in lifestyle centers and indoor shopping malls.
Coldwater Creek closed all stores in 2014 and became an online-only retailer operated by Sycamore Partners [87] until a new store opened in Burlington, Massachusetts in early 2018. [88] However, that store and all remaining new locations closed by July 2020, likely due to the COVID-19 pandemic.
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Coldwater Creek's (NAS: CWTR) turnaround plan is in full swing according to management - but it's pretty difficult to tell that it's working based on the figures the company released late last night.
The Northrail project's 80-kilometer (50-mile) phase 1 involved the upgrading of the existing single track to an elevated dual-track system, converting the rail gauge from narrow gauge to standard gauge, and linking Manila to Malolos in Bulacan and further on to the Clark Freeport and Special Economic Zone and Clark International Airport.