Southern Season to continue operation despite ownership change
Posted on Friday, December 9th, 2016 at 5:51 pm
Delaware-based company Calvert Retail recently said it will continue to operate Southern Season in Chapel Hill, North Carolina, an article of Triangle Business Journal reported on December 1.
The confirmation came from Calvert Retail CEO Eric Brinsfield after the company acquired Southern Season for $3.5 million in August. According to reports, under its new owner, Southern Season will be the same store for many of its patrons, but with additional products. In a statement, Brinsfield said his main concern is broadening their operation in Chapel Hill because they have committed to continuing the Southern Season brand. Southern Season sought bankruptcy protection in June, listing over $18 million worth of liabilities at that time.
Fortunately, bankruptcy could be a viable option for businesses that have been struck with overwhelming financial issues. However, if you have decided to file for bankruptcy, an attorney of the Bradford Law Offices, PLLC in Raleigh may be able to work for you. Call us today at (919) 758-8879 to see how we can offer you legal assistance.