SANTA BARBARA, CA--(Marketwire - April 28, 2010) - The Walking Company Holdings, Inc. (
"Entering voluntary Chapter 11 protection with a plan and the continued support of our lenders enabled the Company to emerge in an expeditious manner," said Andrew Feshbach, The Walking Company's CEO. "Today I would like to again thank all of the professionals working on behalf of the company -- the unsecured creditors committee, landlords, financial institutions, and otherwise -- on their diligence in achieving this outstanding result."
As outlined in the Plan, the Company exits bankruptcy with 207 of its former 210 locations of The Walking Company remaining open. The Company will also pay all of its debts and future obligations to trade creditors.
In addition, the Company's common stock will continue to trade under the symbol WALK.PK.
On December 7, 2009, The Walking Company Holdings filed for voluntary Chapter 11 bankruptcy protection in Santa Barbara, CA.
ABOUT THE WALKING COMPANY HOLDINGS, INC.
The Walking Company Holdings, Inc. (the "Company") consists of its The Walking Company and Big Dogs subsidiaries. The Walking Company is a leading independent specialty retailer of high-quality, technically designed comfort footwear and accessories that features premium brands such as ECCO, Dansko, UGG Australia, MBT and Aetrex, among many others. These products have particular appeal to one of the largest and most rapidly growing demographics in the nation. The Walking Company operates over 200 stores in premium malls across the nation. Big Dogs develops, markets and retails a branded, lifestyle collection of unique, high-quality, popular priced consumer products, including active wear, casual sportswear, accessories and gifts.
With the exception of historical information, the matters discussed in this press release are forward looking statements that involve a number of risks and uncertainties. The actual future sales and other results of the Company could differ significantly from those statements.
Contact Information:
For Further Information:
The Walking Company Holdings, Inc.
121 Gray Avenue
Santa Barbara, California 93101