Filing Alert: E. Gluck Corporation Chapter 11

Update (Dec. 1, 2025): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of E. Gluck Corporation.

E. Gluck Corporation, a New York, NY-based designer, importer and distributor of proprietary and licensed watch brands, filed for Chapter 11 protection on Dec. 1 in the U.S. Bankruptcy Court for the Southern District of New York.

The filing follows underperformance of the debtor’s 2021 acquisition of WITHit, Covid-era supply chain disruption and tariffs, and the secular shift toward smart devices, which together depressed revenue and margins and left the company over-advanced under its approximately $27 million secured facility with Israel Discount Bank.

Through Chapter 11, the debtor seeks DIP financing from IDB, a sale of substantially all non-WITHit assets and rejection of burdensome contracts and leases to right-size operations and stabilize the business.

E. Gluck Corporation reports $36 million in assets and $38.4 million in liabilities (as of October 31, 2025). The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-12683.

Top Unsecured Claims

Key Parties

Counsel:

• Alan D. Halperin
  Halperin Battaglia Benzija, LLP
  Email: ahalperin@halperinlaw.net

Signatories:

• Adam Gelnick – Chief Financial Officer

Equity Security Holders:

• Barbara Weichselbaum 2022 FT – 33.3% Equity Interest
• Sidney Gluck 2023 FT – 33.3% Equity Interest
• The Rose Friedman 2022 IT – 33.3% Equity Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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