Archiver’s Files For Chapter 11

Golden Valley-based Archiver's has filed a reorganization plan under Chapter 11, KSTP reported.

The company told KSTP that the recession and the increased use of technology have made things difficult but that the company isn't going out of business.

Bankruptcy reorganization will help Archiver’s renegotiate leases at its stores nationwide at more favorable terms, Archiver’s CEO Jann Olsten, according to a Star Tribune article. 

There has been no word on whether the bankruptcy filing will impact the Maple Grove Achiver's location. 

Archiver’s has more than 40 scrapbooking stores in 18 states, as well as an online store. Seven of those stores are in Minnesota.

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