NEW YORK – November 4, 2020 – RCS Real Estate Advisors would like to extend our congratulations to our valued client True Religion for the successful restructuring of their store portfolio and emergence from Chapter 11 bankruptcy protection.
RCS was proud to advise our client through their retention of over 50 of the company’s 87 stores during a national pandemic. RCS Managing Director Ed Coury was pleased to play an integral role in this tremendous success. “It was incredibly satisfying to work with the True Religion team and the landlord community as they rallied behind the reorganization plan by the company,” stated Coury.
Michael Buckely, who rejoined True Religion as CEO in November 2019, shared Mr. Coury’s enthusiasm and expressed his appreciation for True Religion shoppers by commenting, “We want to thank the company’s loyal and diverse customer base which remained faithful to the brand both prior to and during the pandemic”.
RCS looks forward to watching the future success of our partner True Religion as they navigate the ever-changing retail landscape.