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Basket maker Longaberger, parent file for Chapter 11 bankruptcy

The Longaberger Co. and parent JRJR Network has filed for Chapter 11 bankruptcy reorganization.

JRJR Networks and Longaberger listed between $1 million and $10 million in both assets and liabilities, court papers show.

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The maker of handcrafted woven baskets announced it was going out of business in May. The basket company has had a slow decline from its peak $1 billion in sales and nearly 8,000 employees, according to the Columbus Dispatch.

About two years ago, the company moved from its headquarters in a seven-story model of one of its baskets in Newark, east of Columbus. The company moved 25 miles east to Dresden.

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Longaberger was founded by Dave Longaberger in 1973. When he died in 1999 his daughter Tami Longaberger took over the company. The younger Longaberger resigned in 2015.

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Parent company JRJR Network, which also filed for Chapter 11 bankruptcy, owns Tomboy Tools, a direct seller of tools for women, and Agel Enterprises, which sells a line of nutritional gel products.

In April, JRJR Networks was delisted from the NYSE American LLC becuase it couldn’t provide audited financial statements on time.

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