Authorization

Pier 1 is asking for approval to shut down its business and close all its stores

Pier 1 is asking for approval to shut down its business and close all its stores
AP Photo/Nati Harnik



Pier 1 Imports is asking for court approval to wind down its retail operations.




The home goods retailer filed for bankruptcy protection in February.




But, the coronavirus pandemic has thwarted its efforts to find a buyer who would keep the business going.




Visit Business Insider's homepage for more stories.



Pier 1 Imports is seeking court approval to shut down its business completely, it said in a press release on Tuesday.
The home goods retailer filed for Chapter 11 bankruptcy protection in February. In January, it said it would close about half of its stores — or about 450 locations — for good.
But on Tuesday, Pier 1 said it would look to shut down after failing to find a buyer who would continue to keep the business going, a process it said had been complicated by the coronavirus pandemic.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Июнь 2020    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
2930