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Dormia Files for Chapter 11 Reorganization
June 19, 2008
Dormia Inc., a 20-store mattress and bedding retailer, filed for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code Wednesday. The company's wholesale mattress manufacturing business, Jessup, Md.-based Classic Sleep Products, will continue operating unaffected by the filing. Dormia's retail locations will remain open for business during the reorganization process. New York-based The CIT Group also gave Dormia stores a debtor-in-possession facility to increase Dormia's liquidity.
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DDI visited the new JCPenney department store at Manhattan Mall in New York and spoke with store manager Joe Cardamone. Below is video of that conversation paired with a walk-through tour of the new store. For more on the JCPenney store, look out for DDI's November/December issue mailing out at the end of November.
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