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twitterLV chain files for bankruptcy
Friday, Jan. 31, 2003 | 11:10 a.m.
Jitters Gourmet Coffee and Cafe Inc. of Las Vegas filed for Chapter 11 bankruptcy last week in a bid to prevent creditors from seizing its assets, a newspaper reported today.
In Business Las Vegas, a sister newspaper to the Las Vegas Sun, reported in its Jan. 31 edition that the bankruptcy is being blamed on Jitters' stores being too large, resulting in excessive rent payments. The company also was hurt by the economic slowdown and a failed deal to open cafes in now-closed House2Home stores.
Jitters has seven stores in Las Vegas and two in Arizona. One of the Las Vegas stores may close, but the company hopes to reorganize and keep the others open.
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