Getting your player ready...
Centennial-based Shane Co., the largest privately held jeweler in the United States, said today that the company has emerged from Chapter 11 bankruptcy.
The 20-store retailer filed for Chapter 11 protection from creditors in January 2009, after a dismal luxury-goods shopping season and a $36 million cost to fix an inventory-management system that was purchased for $8 million to $10 million.
“At the beginning of the reorganization, I made a commitment to our vendors, customers and team members that Shane Co. would pay 100 cents of every dollar owed to all,” Tom Shane, owner and founder of Shane Co., said in a statement.
