Buyer of CBGB brand accrues enigmatic debt, files for bankruptcy

Buyer of CBGB brand accrues enigmatic debt, files for bankruptcy

It’s a sad day for people everywhere who buy rock t-shirts at Urban Outfitters and had perhaps some day dreamed of getting just 100% totally shitfaced on Pineapple Upside Down Cake shots at a CBGB-brand theme bar in Vegas for their bachelor/bachelorette party. That’s right: the investors who but a wee two years ago purchased the CBGB brand have filed for bankruptcy. The company has debts “of $1 million to $10 million,” according to Billboard. Yeah, I can’t keep track of how much money I owe to the factories that churn out my special Liz Louche-brand clothing (TM), either.

• CBGB: http://cbgb.com

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