Business & Tech
Beloved Boutique Files For Bankruptcy + Furniture Retail Closure + Major Law Firm Merger: MA Business Week
Plus, a former food waste recycling company has to pay $250,000 for its odor emissions.
MASSACHUSETTS — From a popular boutique filing for bankruptcy to a furniture chain closing all of its stores, it's been a busy week in Massachusetts business news.
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The company behind LIT, a popular boutique that’s operated on Newbury Street for 25 years, has filed for Chapter 7 bankruptcy, according to a report from Boston.com.
The store at 223 Newbury St. is best known for its designer clothing and accessories. LIT’s owner, Ying Lisa Shah, listed assets of more than $28,000 and liabilities of more than $2.5 million, Boston.com reported.
Find out what's happening in Across Massachusettsfor free with the latest updates from Patch.
A popular furniture retailer abruptly closes all stores
Circle Furniture, a popular New England furniture retailer, abruptly closed its eight stores across Massachusetts and New Hampshire.
Employees were also sent multiple company-wide emails confirming their stores were closing and that they were being laid off, according to various reports.
Worcester law firm Bowditch & Dewey LLP announced it will combine with boutique firm Kenney & Sams, PLLC. Following the merger, the firm will maintain main offices in Boston, MetroWest, and Worcester, with additional offices in Plymouth and Providence, RI.
Former Grafton-based company to pay $250,000 settlement to Mass.
Feedback Earth, Inc., a former Grafton-based company, will pay a large settlement to the state, according to Massachusetts Attorney General Andrea Joy Campbell.
The food-waste recycling company will pay up to $250,000 in penalties to the state. The company was accused of violating the Massachusetts Clean Air Act and the Massachusetts Solid Waste Disposal Act by installing unauthorized machinery, producing unapproved feedstocks, and emitting odors that affected residents, according to the AG's office.
More Massachusetts Business News:
- Wayland Town Center Sold To Chicago-Based Real Estate Firm
- Holistic Mental Health Center Expands To Worcester
- Former Restaurant Property For Sale In Andover
- 'Grand 1930s Colonial' Hits The Market In Wakefield
- Webster Five Foundation Awards $50K To 17 Central MA Nonprofits
Catch Up On Past Business Roundups:
- Tech Company Files For Bankruptcy + Grocery Prices Up + Famous Pizza Coming To MA: MA Business Week
- New Indoor Golf Bar Opens + Beloved Dress Store Closes + Insurance Company Layoffs: MA Business Week
- Popular Chicken Restaurant Opening + Cheese Recall + Small Business Saturday: MA Business Week
- Mass Layoffs Hit Major Company + Boston Snags Michelin Star + New Food Halls Coming: MA Business Week
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