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Retail

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.

9/9/2021
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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