Pierre Deux shuts down
HTT Staff -- Home Textiles Today, 7/8/2011 2:10:45 PM
Secaucus, N.J. - The parent of high-end country French home furnishings retailer Pierre Deux has filed for Chapter 7 bankruptcy liquidation and its showrooms across the United States appear to be closed.
Arts des Provinces de France filed for protection in U.S. Bankruptcy Court in Newark, N.J., on June 23, listing assets of $12.1 million and debts of $53.9 million. Until recently, the company operated 23 stores in 13 states, with the largest concentration in California and the Northeast.
Sharon Levin, an attorney representing the company in the filing, said the Pierre Deux parent "no longer exists" and referred questions to bankruptcy trustee Steven Kartzman, who could not immediately be reached for comment.
Local news stories in some of the markets where the stores are located had also indicated the company was out of business, with a Charleston, S.C., report noting employees there were told to gather their belongings and lock the door behind them.
Another report from Red Bank, N.J., said the 2,400-square-foot store there is shut down and is under the control of a court-appointed trustee.
According to the filing, unsecured supplier creditors and their claims include Nourison Inds., $123,354; Motif Designs, $64,970; Highland House, $52,605; Kai Wi Kreations, $37,888; French Market Collection, $37,212 and Dessau Home, $34,353. French supplier claims include Tissus D'Avesnieres, $205,431; and Tissages de Gravigny, $101,724.
We would love your feedback!