Z Gallerie Files for Bankruptcy Again, Looks for Buyer
Retail TouchPoints
OCTOBER 24, 2023
Z Gallerie has filed for bankruptcy due to “severe liquidity constraints” resulting from “underperforming retail stores, adverse macroeconomic trends and industry-specific headwinds,” according to documents filed by the retailer. It has received a $1.1 million line of credit to maintain operations during the bankruptcy process. This is the third time Z Gallerie has filed for Chapter 11.
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