Fairchild Holding Corp. has filed for bankruptcy protection, but officials maintain the company will continue to operate as usual while it reorganizes under Chapter 11.
The company listed assets of up to $100 million against debts of up to $500 million, according to court documents. Fairchild's largest creditors include the Pension Benefit Guaranty Corp. ($55 million) and AVI Juchen GmbH ($33.7 million).
Fairchild in 2003 acquired Intersport Fashions West from EuroBike of Germany. IFW was a designer and distributor of motorcycle apparel, boots and helmets under several labels, including First Gear and Hein Gericke; it also designed private-label goods for third parties such as Harley-Davidson. Following the sale of many of its key product lines, Fairchild dropped out of the distribution business but retained the Hein Gericke brand. The company vowed to remain in apparel development, launching its G line of women's gear in 2006, its Super G line of women's casual apparel in 2007, and a collection of licensed Harley technical law enforcement gear in 2008.