Golfsmith International Holdings, Inc., a golf clothing and equipment retailer based in Austin, Texas, and twelve of its affiliates have filed for chapter 11 bankruptcy protection before the United States Bankruptcy Court for the District of Delaware (Main Case No. 16-12033). The case has been assigned to the Honorable Christopher S. Sontchi. According to the debtors, changes in consumer behavior and shifting trends in the retail industry in general have led to the commencement of these chapter 11 cases. The debtors indicate that they have entered into a restructuring support agreement with the senior secured lender but have also filed a motion to sell substantially all of their assets. The petitions (including the consolidated list of top 30 creditors), the first day declaration and the docket are available through Prime Clerk.
Cole Schotz P.C. does not represent the debtors.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.