Home / Business and Economy / Despite Bankruptcy, Peter Manning to Open Boston Store
Despite Bankruptcy, Peter Manning to Open Boston Store
22 Aug
Summary
- Peter Manning New York filed for Chapter 11 bankruptcy.
- The chain is launching a new Boston location in September 2026.
- A supplier alleges over $1.14 million in unpaid invoices.
Peter Manning New York, a specialty men's clothing chain, filed for Chapter 11 bankruptcy protection on August 19, 2026. The New York-based retailer aims to reorganize its business amidst a lawsuit filed by supplier Lever Style, which alleges over $1.14 million in unpaid invoices. The company currently operates stores in New York's Flatiron district and Washington, D.C.
Despite its financial challenges and pending lawsuit, Peter Manning New York is planning to expand its physical footprint. A third "Fit Shop" is scheduled to open in Boston in September 2026. The retailer also maintains an e-commerce platform and a warehouse in Brooklyn, New York.
The bankruptcy filing reveals approximately $138,000 in assets and $3.1 million in debts. Key creditors include landlords and vendors, with Lever Style, the supplier that initiated legal action in June 2023, being a significant claimant. The CEO had issued a personal guarantee for balances owed to Lever Style.
