New Filing - Jo-Jo Holdings Inc. (Backwoods Retail)

11/09/16 Recap: Austin-based outdoor gear and apparel retailer with 10 retail stores and an e-commerce presence files for bankruptcy. Blames changing shopping trends and consumer behavior and pressure from e-commerce (cough, Amazon) and bigbox retailers and onerous leases for need to restructure (under $3mm DIP).
Jurisdiction: N.D. of Texas
Capital Structure: $65mm RCF
Company Professionals:
- Legal: Kelly Hart & Hallman LLP (Michael McConnell, Nancy Ribaudo)