Jeans maker Diesel USA files for bankruptcy

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Por Reuters

Diesel USA Inc, the denim and accessory brand known for its jeans, filed for bankruptcy on Tuesday, blaming mounting losses, a sales plunge, expensive leases and cyber fraud.

The New York-based unit of Italy’s Diesel SpA filed for Chapter 11 protection from creditors with the U.S. bankruptcy court in Delaware. Its parent is not part of the filing.

Diesel USA said it has been the sole distributor of Diesel products in the United States since its 1995 launch.

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