Totowa-based owner of Mandee, Annie sez clothing stores files for bankruptcy | NJ.com
Big M Inc., the owner of women’s-clothing chains Annie sez and Mandee, filed for bankruptcy protection, saying it owes creditors as much as $100 million
Big M, which last year had about 150 U.S. stores, listed assets of more than $50 million in a Chapter 11 filing in U.S. Bankruptcy Court in Newark, New Jersey. The company, based in Totowa, said it is negotiating final details of a $10 million credit line with Salus Capital Partners LLC.
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