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Lorna Jane Bankruptcy: Athleisure Brand Wants Out of ‘Burdensome’ Store Leases

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Activewear sales might have outperformed other apparel categories throughout the Covid-19 pandemic, not everyone in the sector was able to capitalize. Lorna Jane, an Australia-based seller of women’s activewear and accessories, filed for Chapter 11 bankruptcy in the U.S. and is seeking to cancel all 21 of its U.S. store leases. Prior to the bankruptcy,…

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