Jan
06
With Restructuring, Toms Shoes Suffers Fate Common to Mall-Based Retailers
Posted in: UncategorizedPhilanthropic brand Toms Shoes proved as vulnerable to the retail apocalypse as any legacy mall-based brand, agreeing to an out-of-court restructuring more than a week ago. Toms Shoes was saddled with a roughly $300 million loan due in 2020, according to credit rating agency Moody’s Investors Service. That debt was acquired when founder Blake Mycoskie…
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