Ellen Tracy files chapter 7
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Ellen Tracy plus sized clothing fashion may be coming to an end. For years, this fashion design has catered to a few people but the exorbitant prices of Ellen Tracy clothes probably pushed away the majority of customers. Ellen Tracy clothing are usually several hundred dollars apiece and even close to a thousand in many cases. The sad thing is that not all the apparel designed by Ellen Tracy is great looking.
Well, now there is word that some Asian clothing manufacturers want Ellen Tracy to pay back the bills and this mean filing for bankruptcy. It is claimed that the clothing company owes anywhere from $400,000 to a massive $1.5 million. This means that RVC enterprise who just obtained Ellen Tracy’s operational distribution a few weeks ago have a long convoluted road ahead
To revamp Ellen Tracy’s failing business line; RVC wants to merge with other high end retailers like Lord& Taylors.
Well, with such hard economic times one has to wonder where RVC enterprise is going to get customers. Ellen Tracy had almost no apparel for less than $70 the average prices were close to $300-$500. Now RVC want to make target an even selective clientele with more of these expensive clothes. While I am sure there are people who love Ellen Tracy clothing, there are many who simply can’t afford them. Some of us have to pay rent or eat, not just look great in Ellen Tracy apparel. Good luck RVC, we will be following you closely.
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