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Published on 2/6/2009 in the Prospect News Distressed Debt Daily.

Lenox reports $446,000 operating profit for six weeks ended Jan. 3

By Caroline Salls

Pittsburgh, Feb. 6 - Lenox Group Inc. reported a $446,000 operating profit for the six weeks ended Jan. 3 on $37.13 million in net sales, according to its operating report filed Friday with the Securities and Exchange Commission.

The net loss for the period was $7.45 million.

The company had $4.27 million in cash and cash equivalents as of Jan. 3.

Eden Prairie, Minn.-based Lenox is a maker of tableware, collectibles and giftware. It filed for Chapter 11 bankruptcy protection on Nov. 23 in the U.S. Bankruptcy Court for the Southern District of New York, and its Chapter 11 case number is 08-14679.


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