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Sol Beauty Co. Bankruptcy: US Manufacturing Challenges
Sol Beauty Co., a California-based bedding manufacturer for salons and massage studios, has filed for Chapter Seven bankruptcy, planning to liquidate assets due to a decline in revenue. The companys made in the USA appeal didnt shield it from economic pressures, as higher labor costs and manufacturing expenses made it difficult to compete on price. This situation underscores the challenges faced by U.S. manufacturers, despite consumer preference for domestic products.
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Published on 1 week, 2 days ago