Donghia Closes New York Showroom; Files for Bankruptcy
In debt for $10 million to $50 million to more than 1,000 creditors
March 30, 2020
Nicolo Rubelli
NEW YORK—The Donghia showroom in New York has closed and the staff has departed, according to trade reports.
Weeks following Donghia’s decision to close its showrooms and lay off a majority of its staff, the company has filed for Chapter 7 bankruptcy, according to documents filed in Connecticut District Court.
Founded by Angelo Donghia in 1968, and later sold to the Rubelli Group, Donghia estimates that it is in debt for between $10 million and $50 million to more than 1,000 creditors.
Nicolo Rubelli, who has been responsible for the Donghia operation, could not be reached for comment.
It is likely Donghia will look for showroom space to sell its iconic brand in key cities.
For several years now, Donghia, the Rubelli wholesale contract and residential division in the U.S., was undergoing a total reorganization.
“The design department of Donghia has not disappeared but is being reorganized,” Andrea Rubelli, Nicolo’s brother, previously said.
Nicolo and Andrea Rubelli were both looking into possible synergies between Donghia and its parent company, Rubelli.
Weeks following Donghia’s decision to close its showrooms and lay off a majority of its staff, the company has filed for Chapter 7 bankruptcy, according to documents filed in Connecticut District Court.
Founded by Angelo Donghia in 1968, and later sold to the Rubelli Group, Donghia estimates that it is in debt for between $10 million and $50 million to more than 1,000 creditors.
Nicolo Rubelli, who has been responsible for the Donghia operation, could not be reached for comment.
It is likely Donghia will look for showroom space to sell its iconic brand in key cities.
For several years now, Donghia, the Rubelli wholesale contract and residential division in the U.S., was undergoing a total reorganization.
“The design department of Donghia has not disappeared but is being reorganized,” Andrea Rubelli, Nicolo’s brother, previously said.
Nicolo and Andrea Rubelli were both looking into possible synergies between Donghia and its parent company, Rubelli.