Logo Athletic Files for Chapter 11
INDIANAPOLIS (AP) _ Licensed sports-clothing maker Logo Athletic Inc. has filed for protection from its creditors under Chapter 11 of U.S. bankruptcy law.
The Indianapolis-based company filed for reorganization in U.S. Bankruptcy Court in Delaware on Monday.
Founded in 1971, Logo Athletic makes clothing and hats licensed by Major League Baseball, the National Football League, the National Basketball Association and the National Hockey League, as well as major college teams and the Indianapolis Motor Speedway.
The company employs 500 people at its Indianapolis facility and operates plants in Las Vegas and Mattapoisett, Mass.
The company’s chief operating officer, Blake Lundberg, was in Delaware and did not immediately return a phone call seeking comment.
Eddie White, the company’s vice president for team properties, said the industry has been hit hard in recent years as styles shifted from team jerseys and jackets to designer clothing.
Logo Athletic manufactures clothing under three brand names: Puma ATA, LogoAthletic and Logo 7.
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