Summary
Circle Furniture, a well-known retailer in New England, unexpectedly closed all its stores in Massachusetts and New Hampshire. The closure affects around 65 employees and happened without any prior public warning. The company has faced financial difficulties and was recently sold in 2022.
Key Facts
- Circle Furniture closed all eight of its stores in Massachusetts and New Hampshire suddenly.
- The closure affects about 65 employees, who were notified via email.
- Circle Furniture was founded in the early 1950s and was a significant player in the local furniture market.
- The Tubman family owned the company for most of its history until it was sold to new owners, Robert and Paula Richard, in 2022.
- Reports suggest aggressive expansion led to financial difficulties and contributed to the company's shutdown.
- As per law, companies must give a 60-day notice for mass layoffs; no such notice was found.
- Health benefits for employees will continue until the end of December.
