Listen to this articleThird-generation home furnishings retailer Ruby-Gordon Home filed for Chapter 11 bankruptcy protection Nov. 20 in the U.S. Bankruptcy Court for the Western District of New York.
Aaron Ruby, owner and CEO of the two-store, Rochester-based retailer, told Furniture Today the filing is an effort to get back on track. He said the pressures created during the pandemic, as well as Klaussner’s sudden closure earlier this year, proved too much.
“Since 2020, we have struggled to get back on our feet. Unfortunately, over the past eight months, too much has gone wrong in too little time. Klaussner coming out the way they did was the straw that went over our backs,” Ruby said. “We hope that Chapter 11 will give us a chance to have a future, but we just don’t know exactly what that will look like.”
In the filing, Ruby-Gordon listed $4,086,868 million in total assets and $1,425,678 million in total liabilities to approximately 100 to 199 creditors.
Ruby-Gordon was founded in 1936 by Frank Ruby. Six years later, he joined forces with Ted Gordon. Ray Ruby, Frank’s son, was a second-generation owner and spearheaded the move to Henrietta in the 1960s.
Today, the business is owned by Ray’s son, Aaron, and his wife, Janetta Ruby, who represent the third generation of family owners.
In addition to its flagship Henrietta, Ruby-Gordon has a second showroom in Rochester at Grece Ridge.
