Large Retailers Which Have Filed For Bankruptcy
Yogasmoga
Yogasmoga was founded by siblings Rishi Bali and Tapasya Bali in 2013 with the idea of selling quality active wear, including yoga pants and other yoga accessories. After just 2 years of operations, Yogasmoga went through a period of heavy expansion in the West Coast with the founders heavily counting on the California market for its success.
Unfortunately, the brand’s bills to its creditors, numbering around a hundred, went largely unpaid, and by November 2016, they had to involuntarily file for Chapter 7 bankruptcy. A month later, they filed for Chapter 11 protection and ended up closing all their stores except for one last store in La Jolla, California.
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