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{HOLIDAY SEASON LIVE} True Religion Files for Bankruptcy Protection

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Streetz has all the details !

True Religion has listed assets and liabilities that are priced up to $500 million and the restructuring could cut the company’s debt by $350 million.

True Religion Chief Executive John Ermatinger released a statement stating, “After a careful review, we are taking an important step to reduce our debt, reinvigorate True Religion’s iconic brand and position the company for future growth and success.”

 

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