Finally some good news for Rock & Republic!
After filing for bankruptcy back in April, the pricey denim brand has been saved by Bluestar Alliance.
The New York firm is forking over $60 million to R&R that will help pay off their $41 million debt to creditors.
There is one downside to the new agreement.
Douchey CEO Michael Ball will remain in his creative position even though he was the one that drove the company into bankruptcy.
Hopefully Bluestar won’t let him screw over his company again.
[Image via Adriana M. Barraza/WENN.]
Sep 22, 2010 15:00pm PDT
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