Lisa Price, founder of Carol's Daughter, released a statement about the company's recent bankruptcy filing. 

In a statement released Wednesday, Lisa Price, the founder of the company, clarified some of the ongoing confusion concerning the company’s financial situation.

“It is important to set the record straight,” she wrote. “Carol’s Daughter is still going strong after twenty-one years, and the future has never looked brighter. As part of our increased focus on new retail channels, we have decided to close five of our stores. This was portrayed as if we are having some challenges, but nothing could be further from the truth.”

Read it at The Grio.