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True Religion in Talks to Restructure Debt

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The west coast denim brand with the Buddha, True Religion might be in dire need of financial help.

According to a report by Reuters, True Religion has been consulting with law firm Kirkland & Ellis LLP discussing ways to restructure and reduce the jean label’s debt.

With a distinct over-washed style and bold stitching details, True Religion’s aesthetic has fallen out of favor with consumers, peaking in popularity during the mid-2000’s. Now according to Reuters’ anonymous sources, the denim label has been forced to consider bankruptcy or possibly negotiating with their lenders.

Read the rest on Rivet.

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