The parent company of scrapbooking company Creative Memories has filed for Chapter 11 bankruptcy protection as part of a plan to restructure its debt.
The Antioch Co., which owns St. Cloud-based Creative Memories, said Thursday it expects to wrap up reorganization by the end of the year and will “maintain normal business operations.” The company said in a statement that it doesn’t anticipate any job cuts.
Creative Memories makes scrapbooking products. The company has roughly 500 employees in St. Cloud
Source: Minneapolis St. Paul Business Journal