Hardware wholesaler True Value Co. has struck a buyout deal with co-operative Do It Best Corp. with True Value filing for Chapter 11 bankruptcy protection to facilitate a process that would combine 4,500 True Value-affiliated stores with the Do It Best’s 4,300...
After weeks of speculation about company finances, Big Lots announced that it filed for Chapter 11 bankruptcy protection after entering into an agreement with an affiliate of Nexus Capital Management under which the financial firm would acquire substantially all of...
As it moves to its next phase of the business, Rite Aid Corp. announced that it has emerged from Chapter 11 bankruptcy protection and appointed Matt Schroeder CEO. Rite Aid declared bankruptcy in October of last year. With the emergence, Rite Aid will operate as a...
Troubled electronics and home goods retailer Conn’s has commenced going-out-of-business sales after it filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of Texas. When it filed for Chapter 11, Conn’s put through...
Conn’s HomePlus has filed for Chapter 11 protection with the United States Bankruptcy Court for the Southern District of Texas after revealing a store closing plan for 70 locations. However, if it is to emerge, a buyer may need to step forward. The Conn’s...
