Mervyn’s begins reorg effort

Wilmington, Del. — A range of first-day motions was scheduled for consideration in the first federal bankruptcy court hearings since Mervyn’s department stores filed for Chapter 11 protection yesterday, ending months of speculation about its condition.

The company’s 30 largest unsecured creditors are led by Levi Strauss & Co., listing $12.8 million outstanding, more than twice the $6.1 million owed to the second largest unsecured creditor, Wicked Fashions. There are no home textiles suppliers among the 30 largest vendors the retailer owes.

Mervyn’s filed it unsecured creditors matrix yesterday — 723 pages containing nearly 40,000 names, apparently including the company’s employees. Among home textiles trade vendors were various Springs Global entities, as well as Westpoint Home.

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

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos


HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!