Connect with us

Headlines

California Jewelry Maker Vivi – Formerly Known as Cookie Lee – Files for Bankruptcy

Company listed liabilities of $1 million to $10 million in Chapter 7 filing.

mm

Published

on

Vivi, a California direct-sales jewelry company formerly known as Cookie Lee, has filed for bankruptcy, The Orange County Register reports. The company listed assets of under $50,000 and liabilities of $1 million to $10 million in its Chapter 7 bankruptcy filing on July 8, the article says, noting that Chapter 7 usually indicates a company intends to liquidate instead of reorganize under Chapter 11.

The article explains that Cookie Lee was founded in 1992 and then sold in 2014 to Debbie Millar, who renamed the company to Vivi. On the day the company closed, Sue Neff, a Vivi sales consultant, wrote on the company’s Facebook page: “Debbie has worked very hard over the past two years to rebuild a company that had been declining for years. Unfortunately, rebuilding sometimes just doesn’t work out.”

Read more at The Orange County Register

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

Promoted Headlines

Most Popular