Retailer Global Home Products Loses $60.5M, Files Ch. 11
The company and three of its operating units, including glassware maker Anchor Hocking, bakeware company WearEver, and picture frame maker the Burnes Group, filed for bankruptcy in Delaware, listing net losses of $60.5 million and revenue of $452.8 million for the 11 months ending March 31.
The loss caused Global Home to default on a loan from Wachovia...
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