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Silver City No More? Taunton's Reed and Barton Files for Bankruptcy
Taunton Daily Gazette 
Feb. 20, 2015 "Reed & Barton, the last and oldest silversmith company in a city still known as the Silver City, will cease all operations in Taunton [Massachusetts] no later than June.... Chief Executive Officer Tim Riddle confirmed Thursday that the 191-year-old family business had filed Chapter 11 bankruptcy protection ... Riddle blamed costly pension liabilities, ranging from $9.6 million to possibly $18 million, for sealing the fate of the historic business -- which since 1824 has been operating in [Taunton]." MORE >> |
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