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Friedman's Jewelers Files Chap 11.
Rapaport Trade Wire reports today that Savannah-based fine jewelry retailer, Friedman's, Inc. has filed for bankruptcy under Chapter 11 for itself and nine of its subsidiaries.
Lenders reduced their cash flow to the struggling
company, after delayed inventory shipments caused the company to fail
to meet its minimum sales goals. Friedman's was left with no option
but to file for bankruptcy.
The company said the filing should provide it breathing room necessary
to complete financial restructuring initiatives it embarked upon more
than five months ago.
Friedman's began as a small, family owned retailer called Friedman's
Jewelers in 1920 which went on to become a publicly traded company
with 653 stores across the Southeast, Mid-Atlantic and Midwest with
roughly 4,000 employees.
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Comments
As of today 03-14-08, It is to my understanding that White hall has bought Friedmans, can you confirm this?
Posted by: adl on March 14, 2008 9:40 PM
Recently a CO. sent me an in formation about getting a form to filled when you have a complain against Friedmans can you tell me where can I get that form?
Posted by: Irene Smith on March 18, 2008 9:03 PM
i overpayed on a ring and friedman tod me i was suppose to get a check and just found out it went bankrupt. I am having trouble with contacting people to find out the staus of my refund. i am a staff sergeant in th military and the money was coming out of an allotment. the ring was payed off years ago and frieman was still recieving payment. how can i get my money back
Posted by: Tommikko downs on April 22, 2008 7:08 PM