Strained Finlay Management Delays Quarterly Financial Report

Finlay Enterprises, Inc., which filed for chapter 11 bankruptcy relief in August, has delayed reporting its quarterly results. The company said its management is “strained” by bankruptcy filing and efforts to sell its businesses and assets.

The jewelry retailer added that it cannot make any assurances as to when it will file its quarterly results.

The company said in a SEC filing that it “believes that it will not be in a position” to file the report, saying its “management has been particularly strained by the considerable attention required for administering the Chapter 11 Cases and marketing, negotiating and consummating the sale of the Company’s businesses and assets.”

Finlay reported that it continues to operate its business as a debtor-in-possession under the jurisdiction of the bankruptcy court.