Beloved furniture retailer files for bankruptcy for third time as CEO warns raft of stores face closure in months ...Middle East

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Beloved furniture retailer files for bankruptcy for third time as CEO warns raft of stores face closure in months
source : The U.S. Sun ( Middle East ) () 14
A HOME-DECOR retailer has fallen into trouble yet again after it filed for bankruptcy a third time, sparking mass closure warnings. Z Gallerie is once again searching for a buyer after it filed for Chapter 11 in New Jersey on Monday. Z Gallerie filed for bankruptcy for a third time since 2009 with its last being in 2019 The home furnishings company listed industry struggles, the housing market, and issues connected to the pandemic as reasons behind the Chapter 11 filing The court documents seen by Bloomberg saw the company blame its “severe liquidity constraints” on the housing market and issues from the pandemic. The California-based firm listed its liabilities between $50 mi

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