Well, it's finally happening. True Religion is closing 27 stores as part of its Chapter 11, and this could only be the beginning. Good luck to those affected by these closings! Full list of closing stores is here:... — read more
Additional cuts January 2015
Apparently there were around 40 cuts at TR. Stagnant growth at the Company from poor leadership- it's too bad because the individuals sinking the ship are likely still there.
Dec 2013 Cuts
Back in December 2013 True Religion laid off 70 people. This was deep, dpt heads, production etc... Lynne Koplin masterminded the thing and the private equity was behind it - it's all about cash flow and they shook things up big time. Angela Furlong... — read more
TowerBrook Capital Partners Cut Deep
Cuts, cuts... 80 people... Lynne Koplin rises, this all works for her... Deborah Greaves left... TowerBrook Capital Partners is interested in cash flow - more cuts will come... David Conn will try to be frugal...