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There was a news article in the NY Times today that Zany Brainy has filed
for Chapter 11 bankruptcy protection. I don't know much about this stuff but
I tthink it means that, while they are in no imminent danger of shutting
down, they get shielded a bit from their major creditors. The CEO blames it
on expansion in the previous year as sales sunk due to a general lack of
blockbuster toys.
Jonathan
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Message has 1 Reply:
3 Messages in This Thread: ![You are here](/news/here.gif) ![](/news/46.gif) ![Re: Zany Brainy in Trouble -Julie Krenz (16-May-01 to lugnet.market.shopping, lugnet.general)](/news/x.gif) ![](/news/46.gif) ![Re: Zany Brainy in Trouble -Troy Cefaratti (16-May-01 to lugnet.market.shopping, lugnet.general)](/news/x.gif)
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