Body Central news and archive

Body Central prepares to enter bankruptcy

The Florida-based company is reportedly working with the accounting and consulting firm Richter to prepare to enter bankruptcy. Body Central, which said earlier this week that it was facing “significant liquidity challenges,” received a notice of default on 18 million dollars in debt and is assessing strategic alternatives. The retailer is in...

Design

Changes for the exec team at Body Central

Body Central Corp. said in a Securities and Exchange Commission filing Thursday that Thomas Stoltz resigned aschief operating officer, chief financial officer and treasurer. Additionally, former Chief Financial Officer Richard Walters is returning to the company in that role to replace Stoltz. Stoltz had also served as interim CEO of the fashion...

Design

Body Central finishes refinancing with private placement

Body Central Corp. (Nasdaq:BODY) has announced that it has completed the previouslyannounced review of financing, transactional and strategic alternatives with the closing of a private placement of 18 million dollars in principal amount of its 7.5 percent subordinated secured convertible notes. Interest on the notes will accrue at 7.5 percent...

Design

Oppenheimer loses faith in Body Central

Analysts at Oppenheimer have downgraded Body Central Acquisition Co. logo Body Central Acquisition from an “outperform” rating to a “market perform” rating in a report released on Tuesday. “BODY downwardly revised guidance for the second time in as many months (recall on May 3rd first took down in conjunction with 1Q report). Unfortunately since...