Pregunta frecuente: What’s going on with True Religion?

Is True Religion closing down?

UPDATE: Oct. 20, 2020: True Religion has officially exited Chapter 11 bankruptcy. CEO Michael Buckley said in a press release that the in-court restructuring “allowed the company to reduce its operating costs and lower its debt load, and emerge a profitable, lean operating company with a healthy balance sheet.”

What is wrong with True Religion?

True Religion, once a leader in the premium denim market, announced earlier this month that it has joined the retail death march, filing for Chapter 11 bankruptcy protection. In a statement, the company indicated that it had failed to adapt to the shift to online shopping.

Is True Religion still trendy?

Nowadays, True Religion still maintains its signature ethos that made it a standout in the industry — i.e., top quality fabrics with expert stitching — but with more modern silhouettes and washes, though those seeking jeans with a throwback flair similar to Simpson’s pair, like this low-cut, super distressed version, …

Why did True Religion fail?

According its bankruptcy filing, True Religion began to experience financial difficulties from 2013 as consumers embraced online shopping and as clothing tastes began to shift. Its products, which were very popular for a period, arguably failed to move with the times.

Who owns True Religion now?