- 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 >>>