Lugano Diamonds & Jewelry Initiates Voluntary Chapter 11 Cases to Facilitate Value-Maximizing Sale Transaction
Lugano Diamonds & Jewelry Inc. (“Lugano” or the “Company”), a designer, manufacturer, and retailer of high-end jewelry, today announced that the Company and certain of its affiliates have voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to facilitate a value-maximizing sale transaction. Importantly, Lugano continues to operate in the ordinary course of business at this time and remains focused on continuing to provide exceptional service to its valued clients and the communities in which it operates.
