chapter 11

Retail
Pier 1 Bankruptcy Identifies Unsecured Creditors

Pier 1 entered into Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Virginia on February 17 to facilitate a Plan Support Agreement with a majority of its term loan lenders, listing its major unsecured creditors as it did so.

Retail
Pier 1 Enters Chapter 11, Pursues Sale

After months of speculation about its ability to continue operating, Pier 1 Imports has filed for Chapter 11 bankruptcy protection as it pursues a sale of the business. The company also said it would complete the previously announced closure of up to 450 store locations in the process, which includes the closure of all its stores in Canada.

Retail
Court Approves Shopko First-Day Motions

Shopko said that its first-day motions to help facilitate continued operations while the company operates under Chapter 11 protection were approved by the U.S. Bankruptcy Court for the District of Nebraska. 

Retail
Shopko Files Chapter 11

Shopko has filed a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Nebraska and announced, in concert with the legal action, that it would close 38 stores, relocate about 20 optical centers to freestanding locations, and conduct an auction process for its pharmacy business.

Retail
Gump’s Files For Bankruptcy

Gump’s Holdings and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. have filed voluntary petitions on August 3 for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.

Retail
Investor Group Moves Closer To Acquiring Bon-Ton

The Bon-Ton Stores said it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group including its partner Mason Asset Management, and Washington Prime Group to acquire the department store retailer as a going concern in a bankruptcy court-supervised sale process.

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