Within the last 20 minutes, City Sports, Inc. of Boston, Massachusetts filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware. The company reported assets and liabilities of between $10 and 50 million each. The bankruptcy petition was signed by Senior Vice President & Chief Financial Officer Andrew Almquist and the company is represented by Gregg Galardi and Kaitlin Edelman of the law firm DLA Piper LLP. FTI Consulting, Inc. is the financial advisor to City Sports.
According to court filings, the largest unsecured creditors are Nike USA, Inc. ($1.27 million owed), Under Armour Performance Apparel ($1.03 million owed), Asics America Corporation ($1.03 million owed), and Patagonia, Inc. ($1.01 million owed).
The address listed on the bankruptcy petition for City Sports, Inc. is:
A copy of the petition is embedded below.