Cisco Brothers Furniture Files for Bankruptcy

Cisco Brothers Furniture Files for Bankruptcy

Sarah Coffey
May 2, 2011
Los Angeles-based Cisco Brothers, a favorite high-end handmade furniture resource for designers, is filing for bankruptcy. Furniture Today reports, "In statements to the court, officials said the company's revenues declined during the recession from $18 million in 2006 to $7.5 million in 2009, but rebounded to $9.7 million last year." Despite the bounceback, the company's finances were hindered by real estate loans taken prior to the economic downturn. Links and more news below. DESIGN NEWS OF THE DAYCisco Bros. files Chapter 11, plans to restructure | Furniture TodayASID and IIDA fight bill impacting registered interior designers | Editor At LargeT Magazine: Summer Living Issue 2011 is Now Online | The New York TimesExhibition Review: Alexander McQueen in All His Dark Glory | The New York TimesThe May Lookbook is Here | Poppytalk Photo: Maxwell Gillingham-Ryan | Apartment Therapy
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