Carolâs Daughter founder downplays bankruptcy report

Lisa Price Speaks

The Grio reports that the founder of Carol's Daughter cleared the air about the company's recent bankruptcy filing

by The Grio, May 02, 2014

Comments
Carolâs Daughter founder downplays bankruptcy report

Carol’s Daughter founder downplays bankruptcy report

Lisa Price, founder of Carol's Daughter, released a statement about the company's recent bankruptcy filing. 

In a statement released Wednesday, Lisa Price, the founder of the company, clarified some of the ongoing confusion concerning the company’s financial situation.

“It is important to set the record straight,” she wrote. “Carol’s Daughter is still going strong after twenty-one years, and the future has never looked brighter. As part of our increased focus on new retail channels, we have decided to close five of our stores. This was portrayed as if we are having some challenges, but nothing could be further from the truth.”

Read it at The Grio.

 
Stay in the Know
Sign up for the Ebony Newsletter