Jeans Maker True Religion Files For Chapter 11 Bankruptcy
PYMNTS
APRIL 14, 2020
True Religion was acquired for $824 million in 2013 by London-based capital investment firm TowerBrook Investment Partners, and ended up filing for bankruptcy in 2017. True Religion was founded in 2002 with a headquarters in Malibu Beach, California. True Religion tried to capitalize on that with its own brand of workout pants.
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