Peter Manning New York files Chapter 11 bankruptcy

Corporate Action
โดย TheStreet·US·Read original
Summary · why it matters

Peter Manning New York, a specialty men's fashion retail chain, filed for Chapter 11 bankruptcy protection on August 19 in the U.S. Bankruptcy Court for the Southern District of New York, listing about $138,000 in assets and about $3.1 million in debts. The company, which operates stores in New York and Washington, D.C., and plans to open a Boston location in September 2026, is seeking to reorganize under Subchapter V while facing a lawsuit from supplier Lever Style Ltd. over more than $1.14 million in unpaid invoices. Its largest creditors include landlord 933 Broadway LLC, owed over $783,000, and vendor Kam Caine Hong Kong Ltd., owed over $276,000. The retailer, founded in Brooklyn in 2013, sells men's apparel using its own proprietary size system.

Impact on stocks 1

Consumer Discretionary▼ · 1 stocks
Lever Style Corporation
1346
▼ NegativeCapitalrelevance

Lever Style is suing Peter Manning for over $1.14 million in unpaid invoices, indicating a financial loss.

Off-coverage companies 2

Peter Manning New YorkPrivate▼ Negative
Capitalrelevance

Peter Manning filed for Chapter 11 bankruptcy with debts of $3.1 million, facing a lawsuit and reorganization.

Kam Caine Hong Kong Ltd.Private▼ Negative
Capitalrelevance

Kam Caine is owed over $276,000 by Peter Manning, which may face reduced recovery due to bankruptcy.

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