Love Culture Inc., a women’s-wear retailer with more than 80 stores, is preparing to file for bankruptcy in a New Jersey court, Bloomberg News reported on Friday. The chain will seek to continue operations and sell itself as a going concern. Love Culture was founded in 2007 by Jai Rhee and Bennett Koo, former executives at fast-fashion retailer Forever 21, with the aim of selling affordable style to young women. Lowenstein Sandler LLP and New York-based PricewaterhouseCoopers LLP are representing the company.
