Tattered Cover is moving on to a new chapter: Chapter 11 Subchapter V in the U.S. Bankruptcy Court for the District of Colorado.legendary Tattered Cover Book Store
"Over the past three months, I've been organizing a restructuring and a recapitalization effort," says Brad Dempsey, who became interim CEO of the company in July and has since been named permanent CEO. "There's no better assignment for me right now in my time of life with my skill set. I love this company, and I'm fully committed."
The inventory from Colorado Springs will now go to Aspen Grove, and the Westminster inventory to the Colfax store. About 27 of the company's 101 workers will be laid off, most from the closed stores."Our employees are what make Tattered Cover special," acknowledges Dempsey.