Oriental Trading Co. Files for Bankruptcy in Delaware
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Oriental Trading Co. Inc., the direct marketer of home décor products, toys, and novelties, filed for bankruptcy protection to restructure its debt.
Consolidated assets of the Omaha, Nebraska-based company and its four affiliates were $463 million for fiscal year ended April 3, it said. Liabilities totaled $756.6 million, and net sales were $485.4 million, according to court papers filed today in U.S. Bankruptcy Court in Wilmington, Delaware. Four affiliates also sought protection.