Sad, sad news

Discussion in 'The Howard Stern Show' started by Shithead, Apr 20, 2015.

  1. Shithead

    Shithead Well-Known Member

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    Their catalogs were prime wacking material back in the day


    Lingerie company Frederick’s of Hollywood files for bankruptcy after nearly 70 years in business
    BY Robert Dominguez
    NEW YORK DAILY NEWS
    Monday, April 20, 2015, 1:55 PM
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    Frederick's of Hollywood, which has been in business for nearly 70 years, has filed for bankruptcy.
    Its cups are no longer running over.

    Lingerie company Frederick’s of Hollywood, which has been selling lacy push-up bras, naughty knickers and other ladies’ unmentionables for nearly 70 years, has filed for bankruptcy.

    The Los Angeles-based company cited sagging sales and increased competition from such ribald retail rivals as Victoria’s Secret for its decision to seek Chapter 11 protection against its creditors.

    Frederick’s didn’t exactly go bust, though — in a bankruptcy court filing in Delaware, the company said it had reached a deal to sell its online operations and inventory to Authentic Brands for $22.5 million plus a 25% stake in future revenue.

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    The company cited sagging sales and increased competition from such ribald retail rivals as Victoria’s Secret as the reason for declaring bankruptcy.
    According to court papers, the company has $36.5 million in assets but is $106 million in debt.

    Fredericks’ had alerted customers on its website Friday that it was shutting down all of its 94 physical stores and would only sell products online.

    Founded in 1947 by Frederick Mellinger, who’s widely considered the inventor of the first push-up bra — dubbed “The Rising Star” — Frederick’s opened its first store on Hollywood Boulevard and was soon catering to Tinseltown celebrities and California housewives alike.

    The retailer, which was taken private last year, had more than 200 stores nationwide in its heyday.

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    1Vegasgirl and smichal like this.
  2. Beffquus

    Beffquus Scripta sunt in stellis Gold

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    Just one more bad thing about April 20th's place in history.

    Thank goodness Agent Provacateur still lives.
     
    MrPACS likes this.
  3. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    They sold the entire thing for $22 million ?!!!!
     
  4. yaddc

    yaddc Well-Known Member

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    the puppet will never be the same.
     
  5. wigtropolis

    wigtropolis Well-Known Member

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    what will my local suburban sluts do now
     
  6. Mr. Potato Head

    Mr. Potato Head ~Would Like to Play~ Gold

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    The wife just stocked up on that stuff. :yes:
     
  7. RobsDad

    RobsDad Well-Known Member VIP

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    When I was a kid, I always looked for the nipples.
    It was like a right of passage.
     
  8. suckemnuckledus

    suckemnuckledus Well-Known Member

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    Show your tits! Show your tits!
     
  9. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez Gold

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    Don't get your panties in a bunch over this news.
     
    scoobyla likes this.
  10. rockstarhair

    rockstarhair Well-Known Member

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    If they would have used this supermodel for their advertising campaigns, they would still be in business.

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  11. Hugh Blowmont

    Hugh Blowmont Just be funny

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    The classy girls shopped at Victoria's Secret, the sluts went to Fredericks...