China and collectibles maker,
The Lenox Group has become the latest company to stumble in the current economic climate. The company
filed for Chapter 11 bankruptcy protection this week. Lenox usually does a brisk business this time of year in gifts, ornaments and holiday dinnerware. The company was known as Department 56 until 2005 when it changed its name after buying Lenox Inc., a fine-china maker. It says debt related to the acquisition and the weakening financial markets lead to the filing. Like many other companies, Lenox will continue to operate during the bankruptcy. It is seeking $85 million in financing from its lenders to pay employees and normal operating expenses.
The New Face Of Rochas Perfume
'Revenge': The Episode We've All Been Waiting For
16 Grammys Looks That Weren't Working
Whitney Houston Autopsy: Cause of Death Determined?
Worst Movie Mistakes: Date Night Edition (PHOTOS)
Whitney Houston, Bobbi Kristina: Late Singer's Daughter Hospitalized
Adele Five-Year Break? Singer Plans to Focus on Relationship, Write 'Happy Record'
PHOTOS: President Obama's Kissing Technique
Jennifer Hudson Whitney Tribute: Grammy President Reveals Why Singer Was Chosen for Musical Memorial
Grammy 2012 Winners' List: Adele Sweeps Music's Biggest Night
Matt Bomer Comes Out As Gay
3 Economic Misconceptions That Need to Die
Social Security Is Failing Even Faster Than We Thought
How Hattie Lost 300 Pounds: 'I Was Ready To Do Whatever It Took To Survive'
5-Hour Energy: A Success Equal Parts Caffeine, Chemistry and Meditation
Trace Adkins Reunites With College Crush, 30 Years Later
LOOK: Amazing Underwater Photos Of Dogs
People With Easy-To-Pronounce Names More Likely To Succeed, Study Says
Jane Seymour's Modest And Modern Style
PHOTOS: How You Can Get The 'Miracle' Dress
PHOTOS: Model Falls At Dennis Basso Show
The Top 10 Slacker Colleges
New Clues, Details Emerge In Powell Case
15 Funny Valentine's Day Cards
Mystery Disease Kills Thousands
PHOTOS: Remembering The People's Ballerina
WATCH: 25 Million Tons Of Japan Tsunami Debris Headed Directly Our Way
Oprah Under Fire For Controversial Tweet
JUNGLE SURVIVAL: Marines Drink Snake Blood, Eat Insects
We Meant There WERE Nukes In The Fire
LOOK: The Last Of The Cave People
Lauren Scruggs Goes On Ski Vacation
Grammy Awards 2012: The Best & Worst Of The Red Carpet!
PHOTOS: Beautiful Scars
