Jeweller Finlay Enterprises has filed for Chapter 11 bankruptcy protection and plans to auction its business and assets.
The retailer operates 182 locations across the country, including the upmarket Bailey Banks & Biddle chain, as well as 77 concessions within Bon-Ton department stores.
Meanwhile, the country’s leading specialist jeweller by store count, Zales, has announced that it has brought the shutters down on a further 118 stores, bringing the total to 191 closures to date during this year. The retailer is left with 1,931 locations.
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