Krause's asks for debt cuts

Thomas, Larry
June 2002
Furniture/Today;6/17/2002, Vol. 26 Issue 40, p1
Trade Publication
Reports on the reorganization strategy of U.S. company Krause's Furniture. Goal of reducing debt, increasing factory production and keeping the company out of bankruptcy court; Closure of all but ten Southern California stores of the company; Request for vendors to forgive up to eighty percent of what they are owed; Krause's promise to stay in business as a vastly different company.


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