Jeans maker Diesel USA files for bankruptcy
Diesel USA Inc, the denim and accessory brand known for its jeans, filed for bankruptcy on Tuesday, blaming mounting losses, a sales plunge, expensive leases and cyber fraud. The New York-based unit of Italy’s Diesel SpA filed for Chapter 11 protection from creditors with the US bankruptcy court in Delaware.
U.S. Arm of Diesel Jeans Brand Files for Chapter 11 Protection
The Diesel USA store in the New York neighborhood of Soho is seen
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