Tuesday, September 19, 2006

Rowe Companies files for Chapter 11

There's good news and bad news today from Rowe Companies. In a press release Rowe said they are filing for Chapter 11 bankruptcy.Upholstery manufacturer and retailer The Rowe Companies, reeling from declining sales, import competition and lingering problems from a faulty enterprise resource planning system, said today it was filing for Chapter 11 bankruptcy protection and that it plans to sell

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