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LIMOMx2
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Member since 5/05 24989 total posts
Name:
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NM
NM just read article.
Thanks
Message edited 2/4/2008 11:24:12 AM.
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Posted 2/4/08 11:17 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
MetsGirl07
LIF O2 Vendor
Member since 12/07 16202 total posts
Name:
Deanna
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Re: Fortunoff finally filed for Bankruptcy...
i just read this too... i cant believe it!
i too loved the christmas dept. 
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| Posted 2/4/08 11:18 AM |
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LIMOMx2
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Member since 5/05 24989 total posts
Name:
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Re: Fortunoff finally filed for Bankruptcy...
Posted by MetsGirl07
i just read this too... i cant believe it!
i too loved the christmas dept.
wait I just got emailed an article and it said that Lord & Taylor is buying them. I wonder if they will keep Fortunff the same?
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| Posted 2/4/08 11:19 AM |
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Chatham-Chick
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Member since 5/05 10312 total posts
Name:
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Re: Fortunoff finally filed for Bankruptcy...
Fortunoff isn't closing it's doors (yet). They filed Chp 11, not 7.
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| Posted 2/4/08 11:19 AM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: Fortunoff finally filed for Bankruptcy...
They are being acquired - they're not closing. This is the second change of ownership in recent years. They're actually looking to make it a chain...
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| Posted 2/4/08 11:20 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Fortunoff finally filed for Bankruptcy...
It's not gone. Lord & Taylor is buying it. They are going to put money into the stores and the brand.
Chapter 11 is re-org.
Message edited 2/4/2008 11:20:43 AM.
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| Posted 2/4/08 11:20 AM |
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Shelly
She's 7!!!
Member since 8/05 14624 total posts
Name:
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Re: Fortunoff finally filed for Bankruptcy...
Don't worry. Chapter 11 means that they are just reorganizing, not liquidating. Pretty much any airline you fly on is currently in Chapter 11- as is Barneys departmetn store and tons of other businesses.
Lord and Taylors is purchasing them and investing money into fortunoffs, and actually plan to EXPAND fortunoffs.Source
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| Posted 2/4/08 11:21 AM |
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CunningOne
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Member since 5/05 26975 total posts
Name:
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Re: Fortunoff finally filed for Bankruptcy...
Yep, re-org. And I did hear Lord and Taylor was buying them. We'll see.
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| Posted 2/4/08 11:22 AM |
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