Plaid Clothing Group, Inc.

Plaid Clothing Group was the second largest manufacturer of men's and boy's tailored clothing under licensed brand names in the United States. The Company experienced losses resulting from declines in sales and income, industry competition, layoffs during the recession of business executives (consumers of high-end tailored clothing) and the general soft retail industry. The Company filed for Chapter 11, and Gordian was engaged by the official Committee of unsecured creditors as its financial advisor in connection with Plaid's Chapter 11 proceedings.

The Committee hired Gordian because the Debtor was exploring the sale of all or part of its business and the committee sought to take an active role in any potential sale. Gordian analyzed the Debtors business plan and sale strategy and protected the committee's interest in the successful sale of the company to a prominent menswear manufacturer.