Sandal Firm That Cites Jacqueline Kennedy Its Muse Files for Chapter 11 Bankruptcy Protection

The Palm Beach Sandal Company filed for Chapter 11 bankruptcy tribunal extortion this week.

Citing erstwhile archetypal woman Jacqueline Kennedy arsenic its muse, the company’s website said that the archetypal Palm Beach sandal was created for Kennedy successful 1964.

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The filing connected Tuesday successful a national bankruptcy tribunal successful West Palm Beach stated that the lawsuit was nether Subchapter V of Chapter 11. This subchapter allows small- and mid-sized companies instrumentality vantage of the Chapter 11 process. These are firms that would different beryllium incapable to record owed to the precocious costs progressive successful a Chapter 11 case. Chapter 11 allows filers to restructure operations.

The voluntary petition said that determination volition beryllium funds disposable for organisation to unsecured creditors. It listed the fig of creditors astatine betwixt 1 and 49. Estimated assets were listed astatine up to $50,000 and estimated liabilities astatine betwixt $1 cardinal and $10 million. The database of the 20 largest unsecured creditors were for assorted loans, immoderate of which were listed arsenic “disputed” claims.

Palm Beach Sandals are each handmade, utilizing 100 percent tanned leathers an kidskins, with thick, fashioned soles that mold to one’s feet.

The terms points for each brace scope from $158 to $198 for a woman’s sandal, portion sandals for girls are $95, according to the company’s website. One tin besides customize the sandals by adding a monogram oregon different embroidered detailing from a enactment of tropical icons. The marque besides sells a enactment of apparel and accessories.

The institution website said it has implicit 2,000 pairs of sandals successful stock, and that customers tin sojourn its mill and store astatine 1027 N. Florida Mango Road, Suite #6, successful West Palm Beach, Fla., connected Monday done Thursday. The tract besides said the marque operates curated impermanent boutiques on Vias successful Palm Beach located eastbound and westbound betwixt the water and the Intracoastal Waterway.

Other distressed footwear companies this twelvemonth see sneaker reseller Soleplay, which closed 4 stores, and children’s footwear retailer Amiga Shoes, which filed a Chapter 7 liquidation petition. And overseas, Swedish footwear marque Eytys that’s known for its chunky shoes filed for bankruptcy astatine the commencement of 2025 successful a Stockholm District Court.

In addition, the handmade footwear specializer Freebird earlier this twelvemonth closed 14 store locations. The Colorado-based firm, whose boots are priced betwixt $200 and $400, had been operating nether a court-appointed receiver since May aft it failed to repay a $15.4 cardinal indebtedness work owed to KeyBank. The brand, which was sold successful August for $500,000 to a backstage equity firm, was acquired earlier this period by its erstwhile CEO Jonathan Czaja done his concern steadfast Freewheel Capital, according to his LinkedIn post. Czaja was besides the erstwhile vice president of operations for Stitch Fix from September 2015 done September 2018.