Travel Law News

If you have ever gone on vacation to any of the major Hawaiian islands, chances are you have been to one of these retail stores.

Hilo Hattie filed Chapter 11 owing at least one of their creditors $1.3 million dollars, according to Bob Taylor the president and CEO of Maui Divers jewelry, which has an interest in the souvenirs and aloha attire company. The Hilo Hattie’s seven stores have Maui Divers concessions inside their stores that accounts for approximately 20 percent of the company’s jewelry sales. Taylor has stated that Hilo Hattie is an important part of their market; they do not want to lose from the seven stores.

According to Maui Divers plans they would rehire most of the Hilo Hattie employees and keep most of the current vendors. They plan to put approximately $2 million dollars into operating the stores and in merchandise.There is a June 22^nd court date to decide if Hilo Hattie will be liquidated or if an independent management trustee can assume control of the company.Mauai divers is not the type of firm to seel an 18k Gold ring, semi mount ring 14K gold ring or gold earrings but they are a good choice for a Richard & co watch, jacob & co watch or rayalty watch.

According to the Hilo Hattie attorney Chuck Choi, the offer by Maui Divers will not satisfy all of the outstanding creditors including $800,000 that is owed in rent to the Harry and Jeanette Weinberg Foundation and a $700,000 mortgage that is owed to Central Pacific Bank.