Century 21, a discount department store chain with locations in New York, New Jersey, Pennsylvania, and Florida, has filed for Chapter 11 bankruptcy protection and is closing all of its remaining 13 stores, according to an announcement.
The company said in a press release Thursday that its decision stemmed from insurance providers declining to pay a business interruption claim filed by Century 21 in the wake of the losses it has suffered due to the Chinese Communist Party (CCP) virus outbreak.
