ATLANTA - Pike Nursery Holding LLC says it has filed for bankruptcy in federal court because of the region's severe drought and water restrictions.
Officials from the Norcross-based company say normal nursery operations and customer service will continue without being disrupted.
The company has secured $11.75 million in financing to help it operate during bankruptcy.
Pike Nursery chairman and CEO Scott Schnell says the extended drought and resulting water restrictions have had a material detrimental effect on business.
The retailer has 22 locations in Georgia, North Carolina and Alabama.
Thursday
January 23rd, 2025
8:09AM
