Collezione files Chapter 11

Thomas, Larry; McIntosh, Jay
March 2008
Furniture/Today;3/10/2008, Vol. 32 Issue 27, p1
Trade Publication
The article reports that furniture importer Collezione Europa has filed for Chapter 11 bankruptcy protection in the U.S. According to the company, its sales declined from about $120 million in 2004 to $74 million in 2007 due to the bankruptcies of its two key customers, Rhodes Furniture and Levitz. The company adds that it had a net loss of about $7 million in 2006 and owed more than $5.2 million to its largest unsecured creditors.


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