Newsday: Rubie's Costume Co. seeks Chapter 11 bankruptcy protection
Rubie’s cut 75 percent of its workforce at the start of the pandemic.
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May 5, 2020, 10:12 AM
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Updated 1,773 days ago
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The world’s largest costumer business, Rubie’s Costume Company, is filing for Chapter 11 bankruptcy protection.
The costume business, based on Long Island, is a hit during the Halloween season.
Rubie’s cut 75% of its workforce at the start of the pandemic.
The company says it then shifted its manufacturing facilities to make hand sanitizer and PPE.
A court hearing is expected today - over the phone.
Newsday says Rubie's is hoping to secure new credit, but a sale is possible.
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