Spandex Maker Lycra Files for Bankruptcy After Years of Stress

Spandex maker The Lycra Company has filed for Chapter 11 bankruptcy in Texas to implement a restructuring deal that will see most of its debt written off after creditors took...

By Giulia Morpurgo · Bloomberg Markets

Spandex maker The Lycra Company has filed for Chapter 11 bankruptcy in Texas to implement a restructuring deal that will see most of its debt written off after creditors took control of the business.