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CLAIM ID

1939da90

Century 21 filed for bankruptcy and will close its stores.

Century 21 Stores has filed for Chapter 11 bankruptcy and shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida.

Century 21 Stores has filed for Chapter 11 bankruptcy and shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida.The institution for bargain shoppers in New York City called Century 21 is closing its stores due to the COVID-19 pandemic. It had filed for Chapter 11 bankruptcy and closed all 13 department stores across New York, New Jersey, Pennsylvania, and Florida. The company blamed the lack of payment on its business interruption insurance as the cause of its demise. Co-CEO, Raymond Gindi said that the insurance money helped us to rebuild after suffering the devastating impact of 9/11, but now the insurance companies have refused to cover COVID-19-related losses, and there is no alternative, but to begin the closure of there beloved family, which have suffered huge loss due to COVID-19 pandemic.

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