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Global Brands Group Holding Limited (Chinese: 利標品牌有限公司) is a bankrupt holding company that has its own brand of apparel and footwear, as well as being a brand management company. It designs, develops, markets and sells products under a diverse array of owned and licensed brands in a wide range of product categories. [1]
Best Products – filed for bankruptcy for the second time in September 1996 [33] [34] and closed all of its stores by the following February [35] [36] Brendle's – became bankrupt and liquidated in 1996 [37] [38] Consumers Distributing – sought bankruptcy protection in 1996; Ellman's – acquired by Service Merchandise in 1985 [39] [40]
The chain filed for its second bankruptcy and liquidation on August 7, 2019, [13] closing the remaining 54 stores [14] with plans to auction its intellectual property. [15] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [16] The shoe chain emerged from bankruptcy two years later. [17]
The Body Shop is shutting down its U.S. operations after filing for bankruptcy. The U.K.-based chain filed for Chapter 7 liquidation in New York last week, according to a court filing.
Later the brand changed hands twice before becoming dormant in 1966. Shopsmith, Inc. was founded in 1972 to resume manufacture of ShopSmith parts and product with John R. Folkerth as the principal stockholder. In 2009 Shopsmith, Inc. went into bankruptcy, and reorganized as RLF Brands with his son Robert L. Folkerth as the owner.
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National Stores acquired San Diego, California-based Factory 2-U Stores, Inc. when it filed for bankruptcy protection in February 2004 and arranged for the sale of 172 stores to National Stores. [9] In August 2004, Factory 2-U stores liquidated, receiving $28.5 million from the sale to Factory 2-U Liquidation LLC, a consortium headed by ...
Most companies from time to time end up with surplus goods, liquidated goods and bankrupt stock. This can be a costly problem. When customers are told that the reason for a price reduction is a stock clearance, they find this less attractive than other explanations such as a volume discount. [ 1 ]