Luxury jewelry maker Doris Panos filed for bankruptcy under credit pressure. The company, which has been in business since 1993, creates high-end merchandise often sported by celebrities and profiled in fashion magazines. Doris Panos is sold at Neiman Marcus and other specialty outlets.
jewelry: April 2009 Archives
Ultra Diamonds' parent company Ultra Stores filed for bankruptcy protection due to the now-expected liquidity and economic concerns. The company has defaulted on some loans but stated it had financing to temporarily continue operations. Cost-cutting maneuvers have been underway since the 2007 holiday season, long before the economic crisis hit.
Ultra Diamonds runs the jewelry counters at such stores as Filene's Basement and Burlington Coat Factory and has 181 locations.
