RIP: Linens 'n Things to Be Liquidated

Tech Startups 3.0 · October 14, 2008 · Short URL: https://vator.tv/n/48c
Bmh21_3

source: http://online.wsj.com/article/SB122401159865833403.html?mod=googlenews_wsj

wsj: 

"Plans for a Tuesday auction of Linens 'n Things were scrapped Monday night, dooming one of the country's largest housewares retailers to liquidation by the end of the year.

A notice filed on the docket of the U.S. Bankruptcy Court in Wilmington, Del., announced that the auction had been called off because no bidder had stepped forward to compete with a coalition of liquidators who offered about $475.5 million to shut Linens 'n Things down."

Support VatorNews by Donating

Read more from our "Trends and news" series

More episodes