High-end home furnishing store Mitchell Gold + Bob Williams, which has had a location on Rte. 9 west in Natick since 2015, has suddenly shut down.
According to a report in Furniture Today, investor The Stephens Group said that despite its recent infusion into the business, “Unfortunately, shortly after this restructuring, the company’s lender withdrew its support, forcing Mitchell Gold + Bob Williams to cease operations.”
The shutdown is seen as a sign of the times among retailers, which have been reporting less than stellar results.
There’s no sign on Mitchell Gold’s website or social media that anything is amiss—of course, the people who run those would likely be among the hundreds laid off. But there is a sign at the Natick store that says it all (we got a full voicemail box when we called the store).
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PNC Bank, helmed by Bill Demchak, justifiably known in the finance industry as “The Prince of Darkness” and the man who brought us the 2008 market crash, is responsible for pulling the rug out from under Mitchell Gold + Bob Williams.
American greed is undermining American manufacturing and driving American consumers into the Chinese Only option.