the Lays' fight for liquidity opens a new front

Doug Henwood dhenwood at panix.com
Wed May 1 15:16:28 PDT 2002


USA Today - May 1, 2002

Linda Lay's new store will sell some of her furniture By David J. Phillip, AP

HOUSTON (AP) - The Kenneth Lay family is downsizing.

Linda Lay, the wife of Enron's ex-chief executive, is opening an antiques and secondhand shop called Jus' Stuff - and will sell items including the family's personal property and furniture from its rental property, said Kelly Kimberly, a Lay family spokeswoman.

"She determined that some of these furnishings were just stuff and could be sold. Families and friends agreed," Kimberly said.

Lay and her daughter, Robin, also will sell items belonging to family and acquaintances, along with some new merchandise and design services.

A lamp fashioned from antique street lights, a mahogany bed, an antique reproduction desk, artwork and a bright yellow pair of metal fighting cocks are among the wares to be up for sale when the store opens in early May.

Since Houston-based Enron descended into bankruptcy Dec. 2, the Lays have been selling off assets. The couple has jettisoned some second homes in Aspen, Colo., and Galveston as well as commercial properties.

The store will be opened in a building owned by Lay's real estate company, Kimberly said. She said Lay earlier considered using the space for storage for friends moving to smaller homes, but then decided to open a business.

"She's worked all her life," Kimberly said of Lay, who once worked for her husband at Enron.



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