Retailer Furniture Express Shuts Down
August 21st, 2007
Furniture Express announced that it has closed all of its locations after actions taken by Comerica Bank. The company said that while negotiations continued, Comerica seized all operating funds, leaving Furniture Express no choice but to close it doors immediately.
The company advises all creditors, suppliers, customers and employees to call Mr. Ernie Zarb at Comerica Bank at 313-961-8201.
According to the DETROIT NEWS (http://www.detnews.com), “the company closed three of its remaining showrooms in Metro Detroit area… leaving 100 employees without jobs.”
At one point the regional chain had 200 employees and over $30 million in sales.
Entry Filed under: Furniture Indonesia News
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