Global  

Pier 1 Files For Bankruptcy, Prepares For Sale

Video Credit: Wochit - Duration: 00:35s - Published
Pier 1 Files For Bankruptcy, Prepares For Sale

Pier 1 Files For Bankruptcy, Prepares For Sale

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 release, the company announced its intent to keep its stores and website "open and operating" throughout the bankruptcy.

Also, it intends to "honor customer commitments," compensate employees, and pay vendors and suppliers.

0
shares
ShareTweetSavePostSend
 

You Might Like

Related news from verified sources

Pier 1, already closing stores in Greater Baltimore, files for Chapter 11 bankruptcy protection

Pier 1 Imports, which was already in the process of closing hundreds of stores nationwide on Monday...
bizjournals - Published Also reported by •RTTNewsIndependent


Pier 1 files for Ch. 11 protection, seeks buyer

Pier 1 Imports (NYSE: PIR), which was already in the process of closing hundreds of stores, on Monday...
bizjournals - Published Also reported by •RTTNewsSeattle TimesIndependent



Tweets about this


Related videos from verified sources

Pier 1 Imports files for bankruptcy [Video]

Pier 1 Imports files for bankruptcy

As nearly 450 Pier 1 locations are set to close in the coming year, the company announced it is filing for Chapter 11 bankruptcy.

Credit: Rumble     Duration: 00:40Published
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.

Credit: Cheddar Inc.     Duration: 00:18Published
Pier 1 Files For Bankruptcy [Video]

Pier 1 Files For Bankruptcy

The home decor retailer is already in the process of closing hundreds of stores. DeMarco Morgan reports.

Credit: CBS2 LA     Duration: 00:17Published