Fresh Produce Sportswear LLC, a women's clothing retailer based in Boulder, Colo., has filed for chapter 11 protection in the face of what its founder called "significant and material financial challenges,” the Denver Business Journal reported today. Fresh Produce has 27 company stores across the country, but the majority of its locations are in Florida. According to the bankruptcy filing, the company's creditors are Wells Fargo Bank and Irvine, California-based Realty Associates Fund V LLC. These two creditors hold $3.98 million in Fresh Produce's debt, stemming from a bank loan and commercial rent.
