Top 50 unsecured creditors in Franchise Group bankruptcy owed more than $64.5M
DELAWARE, Ohio — The Top 50 largest unsecured creditors in Franchise Group’s Chapter 11 bankruptcy are owed more than $64.5 million, according to the initial …
Category: closings and consolidations
Big Lots, B. Riley each forge a path forward
If your company begins with the letter “B,” there’s a decent chance it’s been in the news this week. On Tuesday you read about the new …
Subpoenas issued in class action lawsuit against Franchise Group, B. Riley
We reported in July the lawsuit brought against the Franchise Group, B. Riley Financial and former FRG CEO Brian Kahn by “former FRG investors,” including and …
Retailer Sam Levitz ceases operations after 71 years
TUCSON, Ariz. — Home News Now 125 retailer Sam Levitz Furniture is ceasing all operations with plans to close all its stores as part of …
Breaking down the Big Lots bankruptcy
They say a single death is a tragedy; multiple deaths are a sanitation problem. Here in the furniture sector, we have what increasingly looks like …
Big Lots bankruptcy filing identifies Top 30 unsecured creditors
COLUMBUS, Ohio — The Top 30 unsecured creditors in Big Lots’ Chapter 11 bankruptcy have just over $74 million in claims, according to documents filed …
Big Lots files for Chapter 11 bankruptcy protection
Affiliate of Nexus Capital Management identified as stalking horse bidder to acquire company assets and business operations COLUMBUS, Ohio — Retailer Big Lots has filed …
Another question on Big Lots: What would Paul Broyhill think?
As I was reading Tom Russell’s article last week speculating on the future of Big Lots and the Broyhill brand, I couldn’t help but wonder what …
Purple announces plan to consolidate manufacturing operations
2 plants will close in Utah with capacity shifting to its McDonough, Georgia, facility LEHI, Utah — Bedding resource Purple Innovation is closing two manufacturing …
Whit-Ash Furnishings closes after 52 years in business
COLUMBIA, S.C. — After 52 years in business, the veteran and family-owned Whit-Ash Furnishings is going out of business and will begin total liquidation this week, …
