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.
Do it Best reassures retailers of its commitment to stability and support through its pending sale of True Value.
Chicago-based True Value Company, L.L.C., a leading hardware and durable goods wholesaler, has entered into an agreement to ...
Long-time Chicago-based hardware retailer True Value has filed for Chapter 11 bankruptcy and entered into an agreement to ...
The hardlines wholesaler pledged to support True Value retailers and cited hundreds of them who converted to Orgill in the ...
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