Advertisement

RETAIL

Share
From Times Staff and Wire Reports

Barry’s Jewelers Emerges from Bankruptcy: The Monrovia-based Barry’s Jewelers today officially emerges as a newly reorganized company, about four months after filing Chapter 11 under federal bankruptcy laws. Barry’s operates 145 retail jewelry stores in 13 states, including about 30 outlets in Southern California. Under the reorganization plan, Barry’s suppliers are to be paid today. Also, today marks the first day of a new credit agreement between Barry’s and its bank lenders, institutions that will be providing working capital. Barry’s had liabilities of $168 million and assets of $144 million when it filed for Chapter 11 on Feb. 26.

Advertisement