Luxury retailer ABC Carpet & Home is preparing to file for bankruptcy.
NEW YORK -- New York City's luxury home furnishings retailer ABC Carpet & Home, struggling to pay debt, is preparing to file for bankruptcy after struggling to meet debt obligations during the pandemic, according to a report by Bloomberg.
The article continues, "The luxury furniture retailer... is set to receive a debtor-in-possession loan from 888 Capital Partners as part of its bankruptcy filing." Continue reading full story.