Pike Bankruptcy
quirkyquercus
16 years ago
ATLANTA -- Pike Nursery Holding LLC says it has filed for bankruptcy in federal court because of the region's severe drought and water restrictions.
Officials from the Norcross-based company say normal nursery operations and customer service will continue without being disrupted.
The company has secured $11.75 million in financing to help it operate during bankruptcy.
Pike Nursery chairman and CEO Scott Schnell says the extended drought and resulting water restrictions have had a material detrimental effect on business.
The retailer has 22 locations in Georgia, North Carolina and Alabama.
alex_7b
quirkyquercusOriginal Author
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