ESOP-Owned Country Curtains to Liquidate

On October 4, the shareholders of Country Curtains, 40% owned by its employees through an ESOP, voted to liquidate the company, following the recommendation of the company's board of directors. The liquidation was an effort to preserve the remaining value of the shares, and CEO Celia Clancy said, "Though this was a difficult decision for all shareholders—including current employees—by proactively addressing these challenges, we can support an orderly transition for everyone involved."