Company to close at least 375 stores to Operate Business As Usual – Restructuring Facilitated through Voluntary Chapter 11 Filing Will Reduce Debt by Over $900 Million Vast Majority of Trade Creditors Critical to Business Expected to be Paid in Full San Francisco, California – The Gymboree Corporation has announced that it has signed a […]
After Haggen purchased 146 Albertsons and Safeway stores late last year, it later filed a lawsuit against Albertsons LLC and Albertsons Holdings LLC seeking more than $1 billion in damages shortly before filing bankruptcy. Monday, Albertsons placed a bid on two of the three Haggen stores in Tucson. The complaint, which was filed in United
Albertsons Bids on 2 of the 3 Haggen Stores in Tucson Read More »
Lowe’s Companies, Inc. (NYSE: LOW), the world’s second largest home improvement retailer, has announced further progress in its plans to acquire the majority of assets of Orchard Supply Hardware of San Jose, California, including 72 stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners,
Deadline Passes, Lowe’s to Buy Orchard Supply Hardware for $205 Million Read More »