True Value files for bankruptcy
True Value hardware store files bankruptcy, to be sold to Do it Best. How it affects Ohio
True Value has filed for bankruptcy, joining a line of other retailers with Ohio locations to make the financial move. Here's how that affects Ohio.
True Value files for bankruptcy after 75 years, selling to hardware rival Do It Best
Hardware wholesaler True Value has filed for Chapter 11 bankruptcy amid plans to sell its business to its home improvement rival Do It Best. True Value, based in Chicago, said in a Monday press release that all of its 4,
True Value declares Chapter 11 bankruptcy and lines up sale to Do it Best
True Value said it has filed motions with the bankruptcy court to continue paying wages and benefits to its employees, as well as offer support programs for customers. The company aims to complete its sale to Do it Best by year-end. True Value serves more than 4,500 stores worldwide with total retail sales of $10 billion, according to the company.
Hardware wholesaler True Value files for bankruptcy after 75 years in business
True Value said in a news release it will continue its day-to-day operations serving 4,500 independently owned retailers while going through the voluntary Chapter 11 proceedings.
True Value files for bankruptcy. What customers should know
True Value, which sells a variety of home improvement goods like tools, lumber and plumbing, said in bankruptcy court filings that it has succumbed to slumping sales that have affected other companies in the sector.
True Value Company files for bankruptcy; branded stores unaffected
Chicago-based True Value Company, L.L.C., with more than a dozen affiliated stores in the Central Valley, announced it has filed for bankruptcy protection and plans to sell itself to another home improvement industry player.
True Value’s bankruptcy filing won’t hurt Idaho Falls hardware store
IDAHO FALLS, Idaho (KIFI) - True Value, a wholesale hardware supplier, filed for bankruptcy and plans to sell to its rival company, Do It Best. Brian Rocknak, owner of Rocknak’s Hardware Plus in Idaho Falls, says this change will not affect his business. His store purchases through True Value, but did not brand with the supplier.
Chicago-based True Value hardware files for bankruptcy, agrees to sell to Do it Best
But the hardware retailer's 4,500 member stores are independently owned and will continue day-to-day operations.
True Value declares bankruptcy and sells itself to a hardware rival
True Value files bankruptcy, but customers will notice few changes at central Iowa stores
Fort Wayne, Indiana-based Do It Best, another hardware chain, has agreed to serve as a "stalking horse" bidder for True Value's assets while True Value remains open to higher offers. Should it end up buying out True Value,
True Value files for bankruptcy: Will Oklahoma stores be affected? What to know
Reuters reported that the 75-year-old company initiated the proceedings to enter into an agreement with Do It Best, which has offered to pay $153 million in cash to purchase the business.
'Business as usual': True Value's filing no concern for Wayne, Pike stores, owners say
Locally owned True Value hardware stores in Wayne and Pike counties aren't hurt by the corporation's bankruptcy filing, ...
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True Value files for bankruptcy: What does it mean for the Staten Island stores?
Local True Value store owners said they are already preparing for the change. “We are currently open and operating just ...
Chicago-based hardware retailer True Value files for bankruptcy, agrees to sale; independently owned stores will continue operations
Long-time Chicago-based hardware retailer True Value has filed for Chapter 11 bankruptcy and entered into an agreement to ...
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Retailer True Value seeking Chapter 11 bankruptcy protection
The hardware store brand, which boasts dozens of New Jersey locations, plans to sell almost all of its operations to a ...
True Value files for bankruptcy after 75 years, blames weak housing market for plunging sales
Hardware and lumber wholesaler Do it Best is the stalking horse bidder and has agreed to pay $153 million in cash for the ...