Popular sneaker chain files for bankruptcy... leaving fans concerned about the fate of the company
A much-loved sneaker chain has filed for Chapter 11 bankruptcy leaving fans concerned for the future of its stores. Soleply, known for its high-end brands like Kanye West's Yeezy, filed for bankruptcy in New Jersey on Friday. Chapter 11 bankruptcy protection will allow the company to keep operating while it reorganizes its debts and plans for a return to profitability. The premier sneaker retailer currently has six locations across Delaware, Connecticut, Maryland, Rhode Island, New Jersey and Pennsylvania.
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