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Wednesday, February 4, 2009

Fortunoff Fine Jewelry Bankruptcy

Chapter 11 bankruptcy protection they say? Looks like another one is going down. Fortunoff Fine Jewelry and Silverware LLC have made statements claiming they are considering filing for bankruptcy today. Making it the second time in two years that Fortunoff would have sought bankruptcy.

The company is currently having talks with other companies in order to liquidate most of its product.

Already, the Fortunoff store on 57th Street in New York is going to be closed and moving over to take over the Lord and Taylor on Fifth Avenue.

"Ohhh times they are a' changinnnn."

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