Share this on

Gift/Home Decor Retailer Z Gallerie OK'd to Pay Vendors

Says it has cash to continue operations

By Clint Engel, Furniture Today -- Gifts and Dec, 4/29/2009 2:52:00 PM

Gardena, CA — Gift and home decor retailer, Z Gallerie has been given the go-ahead from bankruptcy court to pay its vendors, reports Furniture Today, a sister publication to Gifts & Decorative Accessories. The retailer, which filed for Chapter 11 bankruptcy protection on April 10, received the approval to pay its vendors going forward, saying that it has the cash to continue operating its 57 stores. Since the filing, it also received court permission to pay any pre-petition wages and benefits, as well as to honor existing customer programs and deposits.

According to the Furniture Today Ireport, vendors doing business with the retailer will be paid on an administrative priority basis for goods and services received after the filing date. Bankruptcy law prohibits outstanding payments for goods and services received by the retailer before then, the company said.

Z Gallerie closed 21 underperforming stores earlier this year. It now operates 56 full-service stores and an outlet in 18 states.

Share this on

Talkback

We would love your feedback!

Home and Lifestyle Retailer Z Gallerie in Chapter 11

Apr 13, 2009

Z Gallerie Emerges from Bankruptcy

Oct 28, 2009

Also by this author

»MORE

Featured Company

Wright Labels

Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more