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Article Date: February 2017
Word Count: 306

Luke’s Locker Files for Chapter 11

The Plano, TX-based running specialty chain seeks to reorganize, closing seven of its 11 stores but continuing to operate four profitable stores in Dallas, Fort Worth, Southlake and Plano. The filing, in U.S. Bankruptcy Court in the Eastern District of TX, lists assets and liabilities both in the $1 million to $10 million range. Nike is the only secured creditor, with a $2 million promissory note. The unsecured creditors list is a who’s who of running brands, topped by Brooks ($1,142,112), Saucony Wolverine World Wide ($484,050), Asics Tiger ($483,629), Under Armour ($214,939), Deckers ($204,821), Mizuno ($194,954), New Balance ($155,671), Implus ... Log in to view full article.


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