Swoozie’s Files for Chapter 11
Posted on Mar 14, 2010 1:05pm PDT
Luxury gifts and stationery product retailer Swoozie's is filing for bankruptcy protection after it has been hurt by the underperformance of recently acquired stores. The company has filed for
Chapter 11 and is seeking to sell its assets to a buyer or liquidator. The company is looking to sell because it has reported that its inventory is dwindling and the company may not be able to continue operations on its own beyond the end of March.
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