Ultra Diamonds (7 of 13)
Ultra Stores Inc. which is the parent company of Ultra Diamonds, filed for Chapter 11 bankruptcy protection. The chain filed a "pre-packaged" bankruptcy with its vendors and banks and hopes to emerge from bankruptcy soon. The company will close 12 of its 181 stores and says it is facing a liquidity shortage. It operates Ultra Diamonds and Premier Fine Jewelry stores as well as running licensed departments in Burlington Coat Factory and Filene's Basement stores. It recently emerged from bankruptcy. 29/04/09
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