What's Happening?
On December 21, 2025, Artstock, operating as Artist & Craftsman Supply, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Maine. The company, a major independent art supply retailer in the U.S., has been in business for 40 years and operates 18 stores across 11 states. Despite the bankruptcy filing, the company has announced its intention to continue operations and reorganize rather than close any stores. The filing, overseen by Judge Peter G. Cary, lists assets and liabilities between $10 million and $50 million, affecting between 100 and 199 creditors. The company, led by CEO Robert 'Bob' Landry, aims to restructure its liabilities and secure its long-term future.
Why It's Important?
The bankruptcy filing of Artist & Craftsman
Supply is significant as it impacts over 138 employees and numerous creditors. As one of the largest independent art supply chains in the U.S., its financial restructuring could influence the art supply market and local economies where its stores operate. The company's decision to continue operations and honor customer programs, such as gift cards and rewards, is crucial for maintaining customer trust and business continuity. The outcome of this restructuring will be closely watched by stakeholders, including employees, creditors, and customers, as it could set a precedent for similar businesses facing financial difficulties.
What's Next?
A meeting of creditors is scheduled for January 26, 2026, via telephone, which will be a critical step in the bankruptcy proceedings. Key deadlines include April 27, 2026, for the filing of claims and March 27, 2026, for objections to discharge. These proceedings will determine the future financial structure of Artist & Craftsman Supply and its ability to continue operations. Stakeholders will be monitoring the situation closely to assess the company's viability and the potential impact on the art supply industry.
