RETAILING

Standard Brands Bankruptcy Filing Possible: The Torrance-based retailer of paint and other home-improvement products warned that it may have to file for bankruptcy protection for the second time in two years and liquidate its assets if it does not receive additional financial support from its largest stockholder, Venezuelan paint manufacturer Corimon. Standard Brands’ Chief Financial Officer Howard Schwarz said there are no immediate plans to file for bankruptcy protection and that the company is in talks with Corimon and various financial institutions in an attempt to arrange financing. In a Securities and Exchange Commission filing, the loss-ridden company said it needs a $4 million by year-end to repay lenders and cover its expenses. Corimon spokeswoman Kristin Anderson said that company has pledged support but did not specify how much money might be involved. Corimon has already given Standard Brands Paint Co. $1 million in cash.