Retailer Lillian Vernon files for Chapter 11

Written on February 21, 2008 – 1:41 pm | by Karin |

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Source: Forbes.com

Direct retailer Lillian Vernon Corp. (Web: LillianVernon.com) on Wednesday filed for protection under Chapter 11 of the bankruptcy code, a week after it laid off half of its year-round work force.

Lillian Vernon sells low-cost gifts and gadgets through its catalog and Web site.

Full story at Forbes >>

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