Cisco Brothers Furniture Files for Bankruptcy

Design News 5.2.2011

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 DAY

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Photo: Maxwell Gillingham-Ryan | Apartment Therapy

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