New York CNN —Mitchell Gold + Bob Williams, which grew from a small North Carolina-based upholstery maker to a national retail furniture chain, is shuttering operations, citing weak sales and trouble securing financing.
Mitchell Gold + Bob Williams is shutting down.
Ben Hider/Getty ImagesMitchell Gold and Bob Williams founded their business together in 1989.
Furniture stores, especially high-end retailers like Mitchell Gold + Bob Williams, have been struggling as people cut back on home improvement projects and big ticket items.
“Shortly after this restructuring, the company’s lender withdrew its support, forcing Mitchell Gold + Bob Williams to cease operations,” the Stephens Group said.
Persons:
New York CNN — Mitchell, Bob Williams, Chris Moye, Mitchell, Ben Hider, Ethan Allen, ” Moye, ”, “
Organizations:
New, New York CNN, state’s Department of Commerce, Worker, Home Depot, Target, Stephens, CNN, Stephens Group
Locations:
New York, North Carolina