A Buckhead boutique that peddles high-priced, trendy denim pants—a.k.a. blue jeans—has filed for bankruptcy.
The store, called Bl
ue Genes, filed for Chapter 11 protection in federal court in Atlanta on Wednesday. Jones & Walden partner Leon Jones is the company’s bankruptcy counsel.
Blue Genes operates one store near Lenox Square Mall, as well as an online commerce site. Blue Genes was founded in August 2001 by sisters Jennifer, Julie and Jane Arrendale [photo, left].
Some of the hottest names in casual women’s fashion are owed money by Blue Genes, a
ccording to a court document. Blue Genes owes about $159,000 to 7 For All Mankind, which makes Seven Jeans. The store owes Karen Zambos Vintage Couture about $25,000. Designer Elise Overland is owed about $16,000. Blue Genes owes Alice & Olivia of New York about $12,000.
The largest creditor is the State of Georgia, which Blue Genes owes about $810,000 in taxes.
Blue Genes has been a featured spot on the Bravo show “The Real Housewives of Atlanta." [photo, right] One of the housewives, Kim Zolciak, held a birthday party for her daughter at Blue Genes, according to the NoControl television blog. The wives also frequently are shown shopping at the store.