Destination Maternity files for bankruptcy [CNBC]
DESTINATION MATERNITY (DEST)
US:NASDAQ Investor Relations:
investor.destinationmaternity.com
Company Research
Source: CNBC
Destination Maternity files for bankruptcy Destination Maternity Destination Maternity has a market capitalization of nearly $5 million, according to FactSet. It has $260 million in total assets and $244 million in total debt according, to its bankruptcy filing. For fiscal 2018, it reported a net loss of $14.3 million on sales of $383.8 million according to its most recent annual report. The company has 362 Motherhood Maternity Stores, 26 Pea in the Pod stores and 70 Destination Maternity stores. It operates additional stores globally and through franchise deals. Destination Maternity also runs maternity apparel departments in stores that include Macy's Bed Bath & Beyond Destination Maternity, which is working with advisors at the law firm Kirkland & Ellis and Berkeley Research Group, will try to find a buyer in bankruptcy, a person familiar told CNBC, which was first to report the coming bankruptcy filing. If it is unable, it will likely be forced to liquidate, the person said. As t
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