Los Angeles-based organic/sustainable furniture company Cisco Brothers filed for bankruptcy protection this week as part of a restructuring plan, according to a report in Furniture Today.
"We've been through riots, survived fires and we will overcome this. There have been signs of recovery through increase of sales, and we're very thankful to our loyal customer base," said Founder and president Cisco Pinedo.
The company's revenues declined from $18 million in 2006 to $7.5 million in 2009, but grew to $9.7 million last year. Despite the increase in sales, they were unable to meet real estate loan obligations.
The company partnered with designer John Derian in 2008 as the result of mutual appreciation for creating stylish, comfortable and handmade furniture. The full collection is manufactured with soy-based foam, non-toxic glues and FSC-certified domestic maple wood.
Pinedo began making custom furniture out of his garage in South Central in the early 90s, and has since grown to encompass six retail showrooms including a gallery at ABC Home in New York. Cisco developed the Inside Green™ method of construction and became the first designer to create 100% FSC Pure sustainable upholstered furniture using certified woods, reclaimed hardwoods, water-based glues and environmentally friendly detergents.
Photos courtesy Cisco Brothers: Spring 2011 introductions at High Point Market.
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