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Pier 1’s bankruptcy filing may hold a silver lining for the struggling home-goods retailer

pier 1 imports store

  • Forth Worth, Texas-based home furnishings retailer Pier 1 Imports has filed for Chapter 11 bankruptcy.
  • With its filing, Pier 1 noted that it is pursuing a sale.
  • “Somebody believes in them, because they’ve convinced banks to give them nearly $260 million, which allows them to continue operating the business,” Texas bankruptcy attorney Sid Scheinberg told Business Insider.
  • Visit Business Insider’s homepage for more stories.

Pier 1 Imports has filed for Chapter 11 bankruptcy, the home goods retailer announced in a press release on Monday.

Chapter 11 may sound like a dire prospect for any company, but Pier 1’s filing may reveal read more >>>

Source:: BusinessInsider.Com