Jeans maker True Religion Apparel Inc. filed for bankruptcy protection Wednesday, the latest in a string of Southern California garment sellers to succumb to changing consumer shopping habits that are transforming the retail industry. Los Angeles-based True Religion filed for chapter 11 protection after its private equity owner, TowerBrook Capital Partners, struck a deal with lenders on the terms of a debt-for-equity swap that will...

Source: Wall Street Journal July 05, 2017 12:56 UTC