Bankruptcy
Jun. 10, 2003
Linen Retailer Strouds Holds Going-Out-of-Business Sale
Facing tough competition from national chains, regional linen retailer Strouds is going out of business. Strouds Acquisition Corp., based in the City of Industry, filed for Chapter 11 relief May 20 in U.S. Bankruptcy Court in Los Angeles. Strouds is liquidating its assets and will close its 47 stores within the next few months, the company's bankruptcy counsel, Marc Winthrop, says.
Strouds Acquisition Corp., based in the City of Industry, filed for Chapter 11 relief May 20 in U.S. Bankruptcy Court in Los Ange...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In