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Takeover or Bankruptcy? ABC Carpet & Home Teetering on the Brink

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

ABC Carpet & Home may be the next popular brand to fall into the grips of bankruptcy amid a failure to adapt to changing consumer habits, according to various reports. Bloomberg said ABC, a New York City institution selling rugs north of $10,000, sectional furniture nearing $7,000 and duvets worth $350, among other luxury items…

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