Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Linens ‘n Things Files for Bankruptcy
May 5, 2008
 Printable format
 Email this Article
 Search
Retailer Linens ‘n Things filed for bankruptcy and secured $700 million in debtor-in-possession financing from General Electric Credit, which will allow it to pay for new orders and provide working capital. The chain said it would continue to operate during reorganization. As part of the filing, Linens will close 120 stores, but will continue to operate in Canada, where it said it will not file a corresponding bankruptcy action.

The other immediate change at what had been a 589-unit chain is the status of CEO and President Robert DiNicola. As part of the filing, he will become executive chairman and Michael F. Gries, a restructuring consultant and co-founder of Conway Del Genio Gries & Co., will become interim CEO and chief restructuring officer.

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows