On April 2, 2020 (the “Petition Date“), Rudy’s Barbershop Holdings, LLC (the “Debtor”, or the “Company”) and five of its affiliates each filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
The Debtors are represented by Chipman Brown Cicero & Cole, LLP. The case has been assigned to the Honorable Laurie Selber Silverstein. A hearing on the Debtors’ first day motions has not yet been scheduled.
Headquartered in Seattle, Washington, the Company was founded in 1993 at the epicentre of Seattle’s cultural explosion. The Company quickly became known for a relaxed, raw, and effortless aesthetic. Over the past twenty-five years, the brand has evolved and developed a loyal following, growing to twenty-five barbershops in five major cities, including fifteen in Seattle, five in Los Angeles, three in Portland, one in Atlanta and one in New York City. The Company’s barbershops provide a physical introduction to its high-quality products, but consumers regularly engage with Rudy’s brand online and use the Company’s website and Amazon to replenish their product supply.
The products the Company offers include, among other things, shampoos, conditioners, body washes, soaps, creams, hair sprays, gels, lip balms, pomades, and beard and shaving products marketed under the Rudy’s, R+CO, Malin + Goetz and Grant’s Golden brands. For the year ending 2018, the Company generated $26.4 million in revenue, with earnings before interest taxes depreciation and amortization (“EBITDA”) of negative $647,000.00 and a net loss of $2.275 million. For the year ending 2019, the Company generated $26.6 million in revenue, with EBITDA of negative $53,000 and a net loss of $2.142 million.
To access key documents in this case, please follow the links below.
The “Top Twenty” creditors list.