RIP: Linens 'n Things to Be Liquidated

Tech Startups 3.0 · October 14, 2008 · Short URL:



"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."

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