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Pier 1, already closing stores throughout Hawaii, files for Chapter 11 bankruptcy protection

bizjournals Tuesday, 18 February 2020
Pier 1 Imports, 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. Hawaii has seven Pier 1 stores that are either already shuttered or closing soon. 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…
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News video: Pier 1 Imports Files for Chapter 11 Bankruptcy

Pier 1 Imports Files for Chapter 11 Bankruptcy 00:18

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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