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Pier 1 files for Ch. 11 protection, seeks buyer

bizjournals Tuesday, 18 February 2020
Pier 1 Imports (NYSE: PIR), which was already in the process of closing hundreds of stores, on Monday became the latest U.S. retailer to seek Chapter 11 bankruptcy protection. Fort Worth, Texas-based Pier 1 said in a statement that it intends to put itself up for sale as part of the bankruptcy process and that it already has the approval of its lenders to do so. The move comes just weeks after Pier 1 said it would close half of its U.S. stores. Pier 1, once known for its eclectic mix of housewares…
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News video: Pier 1 Files For Bankruptcy, Prepares For Sale

Pier 1 Files For Bankruptcy, Prepares For Sale 00:34

Fort Worth, Texas-based home goods retailer Pier 1 has filed for bankruptcy. According to Business Insider, the company is filing for Chapter 11 bankruptcy. CEO and CFO Robert Riesbeck said Pier 1 is "pleased with the initial interest as we engage in discussions with potential buyers." In a press...

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Pier 1 Imports Files for Chapter 11 Bankruptcy [Video]

Pier 1 Imports Files for Chapter 11 Bankruptcy

Pier 1 Imports announced that it filed for Chapter 11 bankruptcy and is attempting to sell the company. Pier 1 previously announced it will close up to 450 stores due to widening losses at the company.

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Pier 1 Imports files for bankruptcy protection

The struggling retailer also is seeking a buyer in a court-supervised auction, the Fort Worth-based chain said.
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