Kent & Spiegel Denies Bankruptcy Rumors
While industry observers said the company was headed to the courts for bankruptcy protection, its executives denied the rumors.
" We're not going into bankruptcy," said company spokeswoman Laura Fox. "We're restructuring and moving forward."
Fox said the company maintains a staff of 15 people that will focus their efforts one product development and distribution. While she declined to discuss the reasons for the company's woes, other industry insiders said the firm was plagued with returns of its Sobakawa buckwheat husk pillow and the Bun & Thigh Sculptor.