Rachel Ashwell, the creator of the style Shabby Chic and the founder of Shabby Chic stores announced in her blog that Shabby Chic filed Chapter 11 bankruptcy protection.
This is such awful news. She sounds so devastated. They are not closing all the stores but unfortunately for them they have been seriously expanding in the last two or three years and in this financial climate they could not support that kind of growth.
You can check out her blog yourself at http://rachelashwellshabbychic.blogspot.com
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