ICS Magazine

Rug business cleans up

December 22, 2011

A local developer and a Northern Virginia rug cleaning company on Monday purchased the business interests and commercial real estate of a prominent bankrupt Richmond couple at auction.

The sale was one of the next steps in the bankruptcy of Allen Mead Ferguson and his wife, Mary Rutherfoord Mercer Ferguson, local socialites known for their ties to business and philanthropy.

Held at the Shockoe Bottom offices of law firm Hirschler Fleischer, the auction was looking to unload the remaining assets of George-Marshall Corp. and Mercer Rug Cleansing, two businesses the couple owned and used as collateral on loans for their personal finances. From Richmond BizSense.com