Big M Inc., the owner of women’s-clothing chains Annie sez and Mandee, filed for chapter 11 protection, saying that it owes creditors as much as $100 million, Bloomberg News reported yesterday. Big M, which last year had about 150 U.S. stores, listed assets of more than $50 million in its chapter 11 filing. The company, based in Totowa, N.J., said that it is negotiating final details of a $10 million credit line with Salus Capital Partners LLC. The case is In re Big M Inc. 13-10233, U.S. Bankruptcy Court, District of New Jersey (Newark).
