• FINLAY CONCERNS: Finlay Enterprises Inc. said, in its annual report released Friday, there is “substantial doubt about our ability to continue as a going concern” due to its 2008 operating loss, the expectation of another loss in 2009 and its failure to comply with covenants in its credit agreement. It also disclosed that it had appointed Alvarez & Marsal’s David Coles as its chief restructuring officer and sold inventory and fixed assets to Bloomingdale’s for $33.4 million.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus