Dan River looks to clear final bankruptcy hurdles

DANVILLE , Va. — Heading toward the finish line and a speedy exit from Chapter 11, Dan River is due in U.S. Bankruptcy Court Jan. 18, when approval is expected for a plan of reorganization that has already been approved by creditors.

Once the company gets the green light from the judge and clears the remaining few formalities, it should exit bankruptcy about three weeks later, during February.

The company might have emerged somewhat earlier but for minor glitches that held up the previously announced sale of its engineered fabrics division. A bankruptcy court in Newnan , Ga. , cleared the sale on Jan. 12.

If it comes out on schedule, which now appears likely, Dan River will have completed one of the fastest bankruptcy exits recorded in the home fashions business in recent memory, just over nine months after filing on March 31, 2003.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!