Furla USA has filed a voluntary petition for relief under Chapter 11 in New York. According to Women’s Wear Daily, the company made this decision in the wake of the pandemic and lockdown, which forced it to temporarily shut retail operations in March. It now plans to return to the American market with a leaner and improved organization.

In filings in New York bankruptcy court, Furla USA detailed the conditions that led to the filings, and outlined its plans in bankruptcy court. The brand held factors like declining foot-traffic, particularly in locations in Indianapolis and Boston responsible for its downfall. It plans to close four of those locations during the bankruptcy.

Besides closing 14 locations in March, the retailer also furloughed 90 employees during the time. It currently has about 34 full-time employees and 17 part-time employees. It plans to renovate its flagship store in Fifth Avenue besides collaborating with storied department stores such as Saks Fifth Avenue and Bloomingdale’s.