Z Gallerie files for Ch. 11
Gardena, Calif. Home-decor retailer Z Gallerie filed for Chapter 11 bankruptcy on Friday, according to the Dallas Morning News.
The company said it voluntarily filed to remove its liability from leases and to strengthen its balance sheet.
Last month, it closed a distribution center in Atlanta and 21stores, leaving several markets. A spokesman said there are no plans to close its seven Texas stores.
Z Gallerie operates 56 stores in 18 states.