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Century 21

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Century 21 Files For Bankruptcy, Closing All 13 Stores Century 21 Files For Bankruptcy, Closing All 13 Stores
Century 21 Files For Bankruptcy, Closing All 13 Stores Liquidation sales are under way at all Century 21 stores after the company announced Thursday it filed for Chapter 11 bankruptcy protection. The impetus was a non-payment of approximately $175 million declined by the company's insurance provider as a direct result of losses during the COVID-19 pandemic, the off-price retail company said in a press release. In business for more than 60 years, Century 21 was left with "no viable alternative" to closing all 13 stores the company's co-CEO Raymond Gindi said.  Century 21 has four New Jersey locations: East Rutherford, American Dream…

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by Cecilia Levine