Despite retail failure, GoLite founder hoping for comeback

BOULDER – GoLite co-founder Demetri Coupounas said he’s still trying to raise capital to keep his company going even as a federal bankruptcy judge in Denver on Thursday approved the outdoor apparel retailer’s motion to begin liquidating assets.

Boulder-based Coupounas LLC, which does business as GoLite, filed for Chapter 11 bankruptcy protection on Oct. 13 to try and reorganize amid what Coupounas said this week was an over-ambitious retail store model and too rapid of an expansion into casual apparel. On Oct. 24, the company filed an emergency motion to hold the going out of business sale, noting that apparel retailer…