Cache Chain Said to File for Bankruptcy as Soon as Next Week
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Cache Inc., an almost 40-year-old clothing chain known for helping popularize Armani and Versace designs in the U.S., is preparing to file for bankruptcy, said people with knowledge of the situation.
The move is expected as soon as next week, said the people, who didn’t want to be identified because the matter isn’t public. Cache said last month that it was exploring options and had received an inquiry from a potential buyer. The company hasn’t provided an update on the process since then.