The restructuring department at Kirkland & Ellis just got busier with the Chapter 11 filings Aug. 2 of two more retailers, Lord & Taylor and Tailored Brands.
Lord & Taylor, the country’s oldest department store, filed for Chapter 11 protection in the Eastern District of Virginia. In court paperwork, it said it owed between $100 million and $500 million to between 200 and 299 creditors. Tailored Brands, which owns clothiers Men’s Wearhouse and Jos. A. Bank, filed Chapter 11 paperwork hours later in the Southern District of Texas. The company said it owed between $1 billion and $10 billion to between 25,000 and 50,000 creditors.
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