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If Forman Mills does not secure a buyer, the company’s chief executive officer expects the company will need to file for Chapter 11 bankruptcy, according to a WARN notice filed Tuesday.
Source: https://biztimes.com/milwaukees-forman-mills-store-could-close-as-parent-company-faces-bankruptcy/
If the company files for Chapter 11 bankruptcy, 33 employees at the Milwaukee Forman Mills location will lose their jobs.
Source: https://biztimes.com/milwaukees-forman-mills-store-could-close-as-parent-company-faces-bankruptcy/