![]() ![]() Newtimes Group, a Hong Kong-based provider to the apparel industry acquired women's apparel retailer Coldwater Creek in 2020 after the previous owner shut down its operations and 13 stores. Under the agreement, Coldwater Creek would continue Soft Surroundings' "ongoing direct-to-consumer and e-commerce operations." In its bankruptcy filing, Soft Surroundings Holdings listed estimated assets of $50,000 and estimated liabilities of between $50 million and $100 million. Soft Surroundings had already scaled back inventory and closed 30 of its physical locations over the last year to “hyper-focus” on key markets and demographics, the company said. The plan also calls for closing the retailer's 44 brick-and-mortar stores in 24 states. Soft Surroundings began store closing sales on Sept. ![]()
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