Prestige Window Fashions Closes Doors
Chalk it up to the bad economy and poor management but Prestige Window Fashions out of Edison New Jersey closed it doors today. One source says that the company just locked it’s doors and close to 300 people did not arrive at work. Phones were not answered.
Prestige was once the single largest independent window blind manufacturer in the United States with sales close to 65 million per year. They were very strong on the Eastern seaboard but were sold throughout the United States and Canada. Due to financial holds by Wells Fargo and some bad times, Prestige recently sold to Platinum Equity, a buying group out of California and emerged what appeared to be strong after a bankruptcy bailout.
This is the fourth “big” closure in the window fashions industry since the recession started close to four years ago. This joins the list of companies such as Tecnique, Mark and Aveno that are now gone from the industry.
Shades Shutters Blinds has contacted most of the orders that were still pending and refunded most that could not be matched with a different supplier. If you need parts, warranty work, or have questions, please call. We will do the best we can to solve any issues.
Prestige was once the single largest independent window blind manufacturer in the United States with sales close to 65 million per year. They were very strong on the Eastern seaboard but were sold throughout the United States and Canada. Due to financial holds by Wells Fargo and some bad times, Prestige recently sold to Platinum Equity, a buying group out of California and emerged what appeared to be strong after a bankruptcy bailout.
This is the fourth “big” closure in the window fashions industry since the recession started close to four years ago. This joins the list of companies such as Tecnique, Mark and Aveno that are now gone from the industry.
Shades Shutters Blinds has contacted most of the orders that were still pending and refunded most that could not be matched with a different supplier. If you need parts, warranty work, or have questions, please call. We will do the best we can to solve any issues.
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