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ULTRA was a manufacturer as well as a direct importer of diamonds, gemstones, and gold jewelry. At one point, Ultra operated over 100 stores in outlet centers and 38 other format locations (primarily licensed jewelry departments). The company went through though bankruptcy in 2001–2002 and again after the financial crisis of 2007–2008.
Chicago-based hardware retailer True Value, which filed for Chapter 11 bankruptcy last week, could lay off nearly 900 employees in Illinois alone if the company isn’t sold during bankruptcy ...
CHICAGO — Long-time Chicago-based hardware retailer True Value has filed for Chapter 11 bankruptcy and entered into an agreement to sell its operations to Do It Best Corp., the company announced ...
Over the last 12 months, 113 companies with more than $100 million in assets have filed for either Chapter 7 or Chapter 11 bankruptcy, Cornerstone Research said in a new report.
Handy Andy declared bankruptcy on October 17, 1995, due to creditor pressures, which led to the closure of about 20 of its stores. At that time, Handy Andy had over $120 million in debt and was planning to reorganize into hardware supermarkets. In early 1996, however, creditors forced Handy Andy to liquidate its assets to repay its outstanding ...
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Hillman acquired Serv-A-Lite, another distributor of fasteners and related hardware. Serv-A-lite was established in 1979 and based in East Moline, Illinois. The Servalite trademark is now applied to some electric lamp hardware. Hillman bought a sizeable Canadian rival distributor H. Paulin for $103 million in February 2013 [17] [18]
True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.