“Our commitment to providing our customers with excellent products and service is unwavering. We greatly appreciate the ongoing support of our lenders, customers, suppliers and associates. Their continued backing has been, and will continue to be, an integral factor in our success.”
The Company has asked the Court for additional authorizations, including permission to continue paying employee wages and salaries and to provide employee benefits without interruption. The Company has also asked for Court permission to continue to honor its current customer policies regarding merchandise returns and outstanding gift cards and customer loyalty programs so that the Chapter 11 process will not impact the Company's customers. During the Chapter 11 process, vendors should expect to be paid for post-petition purchases of goods and services in the ordinary course of business.
The Company is being advised by Kirkland & Ellis LLP, its legal counsel, and Alvarez & Marsal and Moelis & Company, its financial advisors.
The Company's ABL lenders are being advised by Winston & Strawn LLP, as legal counsel, and FTI Consulting, as financial advisor. The Company's first lien lenders are being advised by Sidley Austin LLP, as legal counsel, and Loughlin Meghji + Company, as financial advisor. The Company's second lien lenders are being advised by Kramer, Levin, Naftalis, & Frankel LLP, as legal counsel, and Miller Buckfire & Co., as financial advisor.
“Orchard Brands” is a leading, multi-channel marketer of apparel and home products focused on serving the needs of the rapidly growing market segment of women and men above the age of fifty-five. Through its 17 brands the Company provides quality products to consumers through the catalog, Internet and retail channels, with a relentless focus on delivering superior service.
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