The $52 million payment would help the retailer’s long-term liquidity
If sale fails, struggling retailer would liquidate
Innovative retailer has closed two stores but is still eyeing expansion
Combs founded the fashion and lifestyle brand in 1998
Following the company’s Chapter 11 bankruptcy exit, a new C-suite was unveiled
The company continues shuffling its C-suite post-bankruptcy
The retailer's plan would turn over equity to secured lenders
The company has arranged a tentative deal with Silver Point Capital.
