Tucson-based Connelly Billiards, a luxury billiard table manufacturer and retailer, filed for Chapter 11 bankruptcy

Tucson-based Connelly Billiards, a luxury billiard table manufacturer and retailer, filed for Chapter 11 bankruptcy protection Tuesday.
Representatives from Connelly referred questions about the filing to bankruptcy attorney Scott Gibson.
Under Chapter 11, a debtor is protected from legal action while it works out a plan to repay creditors.
Gibson said in an e-mail message that the filing won’t affect operations at the company’s five retail stores, which are only in Arizona, in the short term, “although there may be some consolidation after the first of the year similar with what is happening to many retailers.”
“On a national level, it is Connelly’s intent to continue with its manufacturing operations and to sell its product on a wholesale basis to its existing, and hopefully growing, network of independent retail outlets,” Gibson wrote.
In April, Connelly Billiards sold its former building at 1544 S. Euclid Ave. to Effective Sign for $650,000. Connelly is now located at 1440 S. Euclid Ave.
In addition to its local retail store at 5855 E. Broadway, Connelly operates four stores in the greater Phoenix area.
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Published in: on December 19, 2008 at 10:30 am  Leave a Comment  

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