WESTBURY, N.Y.–Fortunoff has filed for Chapter 11 bankruptcy protection for a second time.
The retailer filed for Chapter 11 in February 2008.
“The jewelry and home goods businesses have been hit particularly hard by the economic downturn,” said Charles Chinni, president and chief executive officer, of Fortunoff in a statement. “However, we are actively seeking a buyer for the business, and we will continue to do so in the Chapter 11 process.”
Fortunoff said this week that NRDC Equity Partners, the private-equity firm that bought the retailer a year ago, is in talks with interested parties to buy the business.