Pacific Rim Import enters receivership
Staff -- Home Accents Today, 3/1/2007
Pacific Rim Import Corp., the Seattle-based home accent and gift company, has gone into receivership under order of the Washington Superior Court.
In a letter dated Feb. 13, John L. Davidson, acting for the receiver, Inverness Group LLC, informed media resources and publications of the action and cancelled advertising contracts. The letter stated Inverness would provide notice on filing creditor claims "within the next several weeks."
According to the letter, efforts are being made to sell the 30-year-old company and/or its assets. The company continues to ship product against customer orders and will be in contact with all customers regarding additional sales opportunities.
Pacific Rim operates showrooms in most gift markets in the United States, including Atlanta, High Point, N.C., Dallas, Chicago, Las Vegas, Seattle and New York's 7West. Davidson did not confirm what actions are being taken about the various showrooms, nor about orders placed by retailers. Davidson indicated additional information will be available to interested parties in the weeks ahead.
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