The Walking Company Holdings, Inc. emerged from its Chapter 11 bankruptcy today after successfully completing all conditions of its reorganization plan. The retailer’s core brands include ECCO, Dansko, UGG Australia, MBT and Aetrex.
“Entering voluntary Chapter 11 protection with a plan and the continued support of our lenders enabled the company to emerge in an expeditious manner,” said Andrew Feshbach, The Walking Company’s CEO. “Today I would like to again thank all of the professionals working on behalf of the company — the unsecured creditors committee, landlords, financial institutions, and otherwise — on their diligence in achieving this outstanding result.”
As outlined in the Plan, the company exits bankruptcy with 207 of its former 210 locations of The Walking Company remaining open. The company will also pay all of its debts and future obligations to trade creditors.
In addition, the Company’s common stock will continue to trade under the symbol WALK.PK.
On Dec. 7, 2009, The Walking Company Holdings filed for voluntary Chapter 11 bankruptcy protection in Santa Barbara, CA.
