John Varvatos Enterprises obtains four-month exclusivity extension

By Sarah Lizee

Olympia, Wash., Sept. 24 – John Varvatos Enterprises, Inc. obtained an extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the exclusive plan-filing period was extended to Jan. 4 from Sept. 3 and the solicitation period to March 2 from Nov. 2.

“This case is just now pivoting from focusing on the successful sale of substantially all of the debtors’ assets to winding down the debtors’ estates and attending to the administration of claims,” the motion said, as previously reported.

As a result, John Varvatos said the extension request should be granted to give it enough time to determine the best outcome for its estates and creditors.

John Varvatos Enterprises is a New York-based menswear retailer. The company filed bankruptcy on May 6 under Chapter 11 case number 20-11043.

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