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C. Wonder filed for bankruptcy yesterday, Buzzfeed reports. Chris Burch's colorfully preppy retail chain shut down operations in the beginning of January, and now the company's filed for Chapter 11 bankruptcy in New Jersey. The bankruptcy was due to "a combination of market pressures and mounting operating costs," the brand stated in a release. All C. Wonder stores are closed except for four NYC stores, which are liquidating all merchandise. Buzzfeed reports that C. Wonder filed a motion for a Burch-controlled entity to acquire intellectual property and other company assets.
· C. Wonder Files For Bankruptcy [Buzzfeed]
· C. Wonder Failed Because of Chris Burch's Anger [Racked]
· Confirmed: C. Wonder Is Shuttering [Racked]