Pandemic Sends Saxon Shoes into Chapter 11
The full-line shoe retailer filed for Ch. 11 protection in Richmond, VA, federal bankruptcy court, listing $1 to $10 million in assets and liabilities, and plans to restructure the business to continue operating. Saxon has two locations in Richmond and Fredericksburg which recorded 2019 revenues of $7.4 million. It was forced to close both stores on Mar. 17 when the Covid-19 pandemic hit, but a lost Spring/Summer season and ... Log in to view full article.