The coronavirus pandemic has caused Patrick James, the Fresno-based men’s clothing retailer, to file for bankruptcy with plans to close stores.
The company has sold upscale men’s clothing – like Tommy Bahama and its own line of shirts and jackets – since 1962.
It has 11 stores in California, Nevada and Arizona, plus a temporary pop-up store in River Park near Ruth’s Chris Steak House through the end of the month.
The company announced last week that it filed for Chapter 11 bankruptcy. It’s a reorganization, not a liquidation.
Patrick James has more than $7 million in debt, and its bankruptcy was filed under a special designation for small businesses during the coronavirus pandemic.
The business was doing “extremely well” before COVID-19 hit, according to Patrick James’ bankruptcy attorney, Hagop Bedoyan of McCormick, Barstow, Sheppard, Wayte & Carruth.
“With the pandemic and closing of doors as mandated by the state