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ABC Carpet & Home Prepares to File for Bankruptcy

The iconic NYC luxury home furnishings retailer has been struggling to pay debt throughout the pandemic and is preparing to file for bankruptcy.

abc carpet and home Manhattan store exterior
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.
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