The jewelry industry has been adversely affected by the coronavirus pandemic, which has caused retail stores to shut down. There has been a shift from in-person sales to online sales, which, to the detriment of brick-and-mortar stores, is a trend that has been accelerated as a result of the pandemic.
How We Can Help
The Togut Firm provides cost-effective and creative legal advice for jewelry retailers in Chapter 11. Our attorneys have served as lead counsel or co-counsel in several major retail bankruptcies involving national or regional companies. Our firm is familiar with the challenges that retailers face in Chapter 11 today, especially liquidity problems and the inability to buy enough inventory to maintain sales revenues to support operations.
We have extensive experience in fraud investigations, including important investigations over four decades. When one of the largest jewelry busts occurred involving Gitanjali Global Holdings in India, the Togut Firm was hired by the trustee in India to represent him in the United States and help him find assets in the U.S.
Our familiarity with the demands of complex reorganizations and our commitment to containing legal costs make our firm especially well-suited for representing struggling companies through difficult times. Keeping our billing rates 25% below market, our firm represents companies that are considering whether to pursue a restructuring, including in or out of Chapter 11. Because we have no retainer clients or institutional relationships, our law firm can act independently in the interests of the debtor and the estate without the conflicts or complications presented by preexisting affiliations with lenders or parties in interest.
The Togut Firm has achieved outstanding results in several restructurings in the jewelry industry by providing independent, creative, and efficient client service. Our relevant experience in this area includes:
FFJS (f/k/a Fortunoff Fine Jewelry and Silverware, LLC)
Counsel to the debtors in their successful bankruptcy case involving the going concern sale of a nationally known retailer, Fortunoff, and the structured dismissal of the Chapter 11 case.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.