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The sale is expected to be complete by the end of the year, according to True Value's statement. ... True Value is the latest restaurant or retail chain with a presence in Ohio to file for bankruptcy.
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.
When Big Lots announced it was filing for Chapter 11 bankruptcy protection in September, it planned on closing more than 340 stores, USA TODAY reports. Another 50 closures were announced in October.
Revco Discount Drug Stores (known simply as Revco or Revco, D.S.), once based in Twinsburg, Ohio, was a major drug store chain operating through the Ohio Valley, the Mid-Atlantic states, and the Southeastern United States. The chain's stock was traded on the New York Stock Exchange under the ticker symbol RXR.
The company continued to close selected stores through 2008 while revamping and reorganizing the merchandise approach in those which were retained. On October 27, 2008, Value City announced that the chain was filing for bankruptcy and that all remaining stores would close. [7] The sales were completed on December 23, 2008.
Furniture store American Freight is set to close all of its 328 locations in dozens of states as a part of Chapter 11 bankruptcy ... based in Delaware, Ohio, announced the closures Wednesday as a ...
June 19, 2009: Deadline for filing all objections to the sale of General Motors. June 22, 2009: Deadline for making competing bids in the auction of General Motors' assets. June 25, 2009: Final hearing on the bankruptcy loan. July 10, 2009: Deadline for completion of the sale, requested by the U.S. Treasury and General Motors. [9] [10]
Furniture store American Freight is set to close all of its 328 locations nationwide ― including the Perry Township store at 4345 Lincoln Way E ― as a part of Chapter 11 bankruptcy proceedings.