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Fortunoff Owes 6 Million

Idex Online reports that Fortunoff's Chapter 11 filing discloses that they owe Diamond and Jewelry vendors 6 million dollars.



Listed in its February 5 filing 1,000-5,000 creditors, assets of $100 - $500 million, and liabilities of $100 - $500 million. An affiliate company included in the filing is Fortunoff Card Company, LLC.


Among the top industry creditors - diamond dealers, jewelry manufacturers and watch makers the debts are more than $3.7 million.



Posted by Barry Gutwein on February 12, 2009 3:47 PM in Jewelry Stores | Comments (0)

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