Furniture importer PJ Kids has shut down, after a
creditor seized its assets. We heard this news from a baby store retailer today
and it was confirmed by a trade journal report (Kids Today, see
below).

P.J. Kids closes doors

8/5/2005

By
Jane Kitchen

PRINCETON, N.J. — Privately
held juvenile furniture and accessory manufacturer P.J. Kids has closed its
doors and its assets are being
liquidated.

President Stewart Paul, who
is traveling overseas, confirmed in an email that all of the company?s
assets are in possession of the bank, and are being sold to repay its creditors.
?Our bank has asked certain members of the management team and some of its
employees to assist in maximizing the return on the sale of the assets,?
said Paul in the email.

The manufacturer
of imported infant and youth furniture, bedding and accessories had phased out
its bedding program this spring, and had in recent weeks let some of its key
team members go. Last week, industry buzz was that the company had found a
buyer, but the deal did not go
through.

You can read the entire report
here .


Furniture importer PJ Kids has shut down, after a
creditor seized its assets. We heard this news from a baby store retailer today
and it was confirmed by a trade journal report (Kids Today, see
below).

P.J. Kids closes doors

8/5/2005

By
Jane Kitchen

PRINCETON, N.J. — Privately
held juvenile furniture and accessory manufacturer P.J. Kids has closed its
doors and its assets are being
liquidated.

President Stewart Paul, who
is traveling overseas, confirmed in an email that all of the company?s
assets are in possession of the bank, and are being sold to repay its creditors.
?Our bank has asked certain members of the management team and some of its
employees to assist in maximizing the return on the sale of the assets,?
said Paul in the email.

The manufacturer
of imported infant and youth furniture, bedding and accessories had phased out
its bedding program this spring, and had in recent weeks let some of its key
team members go. Last week, industry buzz was that the company had found a
buyer, but the deal did not go
through.

You can read the entire report
here .