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American Freight will hold going-out-of-business sales at its stores across 41 states, managed by Hilco Consumer-Retail − a company that conducts liquidations.
The company has decided to close all American Freight stores nationwide. There are 365 stores in 40 states, so it’s a large brand. Closing sales at all stores and online will begin on Nov. 5.
According to documents filed in the U.S. Bankruptcy Court in Delaware, American Freight will close all locations following a move by parent company, Franchise Group, to file bankruptcy protection.
Original American Freight logo and tagline. The first American Freight store was founded by Steve Belford in Lima, Ohio in 1994 as American Freight Furniture & Mattress. [21] By 2014, the company was operating 95 stores in 18 states, and October that year was acquired by an affiliate of private equity firm The Jordan Company of New York. [22]
Franchise Group, Inc. is an American privately-held holding company that acquires and manages mainly franchise companies. It owns brands in various retail industries including American Freight, Buddy's Home Furnishings, The Vitamin Shoppe, and Pet Supplies Plus.
Please review the prior discussions if you are considering re-nomination: Retarget , 2020 April 5, see discussion . delete all , February 18, 2006, see discussion .
Furniture retailer American Freight will close its 328 stores as parent company, Franchise Group Inc., goes bankrupt. 'Everything on sale': American Freight closing all Michigan stores. What we know
American Freightways Corp. (AF) was an American regional less than truckload (LTL) carrier based in Harrison, Arkansas.It was acquired by FedEx in 2001, [2] renamed FedEx Freight East in 2002, [3] and its operations were merged with FedEx's other LTL subsidiaries in 2010 to form FedEx Freight Inc. [4]