A New York architecture and interior-design firm with roots dating back more than a century has filed for Chapter 11 protection, citing its inability to collect more than $2 million from an assignment in Russia. [...]
Over the years, Swanke Hayden has worked on a number of well-known projects in New York and elsewhere, including the Trump Tower, a 1980s facelift of the Statue of Liberty, and the recent rehabilitation of Central Park restaurant Tavern on the Green.
— blogs.wsj.com
3 Comments
I would like the trump tower more if it was associated with trump. Just take off the logo...
The firm has some $6.9 million in liabilities, filings show, including $3.2 million owed to a list of 20 engineering firms, consultants, landlords, and others. Its $6.5 million in assets include nearly $4 million in outstanding invoices and $312,677 in cash.
"Others" = employees?
You be the judge.
A taste of things to come.
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