The liquidity pressures faced by the home goods retailer were “exacerbated and accelerated” by the uncertain tariff environment, CFO Jeremy Aguilar said.

The popular home decor retailer has filed for bankruptcy amid the changing trade environment from President Trump’s tariffs.

The Texas-based home goods chain announced it has filed for bankruptcy due to slower consumer spending and the impact of tariffs.

Known for its electronics, power train and lighting related products for the automotive industry, Marelli had reportedly been struggling with heavy debt and supply chain challenges over the past few years But when revealing its filing,

KKR’s Marelli blames tariffs and lingering supply-chain issues stemming from the Covid-19 pandemic for its descent into chapter 11.