"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."
At Culture, Religion & Tech, take II in Miami on October 29, 2024
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The company will use the funding to broaden the scope of its AI, including new administrative tasks
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Steven Loeb
