Liquidating circuit city

Year: 2008Assets:

Year: 2008Assets: $1.74 billion The 570-store housewares chain went under after private equity firm Apollo Global Management (agm) saddled it with more debt than it could handle. (See Scott Cohn's report on Circuit City, left.) The retailer and 17 affiliates filed for Chapter 11 protection from creditors with the U. bankruptcy court in Richmond, Virginia, where it is based. It also said it was considering all options to restructure."Longer term, you've got Best Buy, who's dominant in the sector, taking share.Law360, New York (July 6, 2016, PM EDT) -- The liquidating trustees of Circuit City and Radio Shack on Tuesday defended antitrust claims they have filed against Toshiba, Samsung and other electronics companies in multidistrict litigation over the alleged price-fixing of optical disk drives, asserting their filings are timely and sufficiently specific.It used to be that companies came out of bankruptcy relatively easily.Chapter 11 was like rehab: a safe place, insulated from the harsh realities of the outside world—like the need to keep current on bills—that gave companies a chance to regroup and relaunch.

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Year: 2008Assets: $1.74 billion The 570-store housewares chain went under after private equity firm Apollo Global Management (agm) saddled it with more debt than it could handle.

(See Scott Cohn's report on Circuit City, left.) The retailer and 17 affiliates filed for Chapter 11 protection from creditors with the U. bankruptcy court in Richmond, Virginia, where it is based. It also said it was considering all options to restructure.

.74 billion The 570-store housewares chain went under after private equity firm Apollo Global Management (agm) saddled it with more debt than it could handle. (See Scott Cohn's report on Circuit City, left.) The retailer and 17 affiliates filed for Chapter 11 protection from creditors with the U. bankruptcy court in Richmond, Virginia, where it is based. It also said it was considering all options to restructure."Longer term, you've got Best Buy, who's dominant in the sector, taking share.Law360, New York (July 6, 2016, PM EDT) -- The liquidating trustees of Circuit City and Radio Shack on Tuesday defended antitrust claims they have filed against Toshiba, Samsung and other electronics companies in multidistrict litigation over the alleged price-fixing of optical disk drives, asserting their filings are timely and sufficiently specific.It used to be that companies came out of bankruptcy relatively easily.Chapter 11 was like rehab: a safe place, insulated from the harsh realities of the outside world—like the need to keep current on bills—that gave companies a chance to regroup and relaunch.

The bankruptcy filing of Sports Authority is interesting because it actually participates in a growing pocket of the broader retail industry.Athletic gear popularity has increased as more Americans wear sneakers, athletic tops and t-shirts around town, not just for the purpose of working out. Retailers like Target (tgt) and Kohl's (kss) have entered the space by moving to sell more athletic wear.Meanwhile, manufacturers like Nike (nke) and Under Armour (ua) have increasingly focused on selling their gear through their own channels, including their e-commerce platforms.The 2015 complaints by Circuit City and Radio Shack were filed within an allowable statute of limitations in the case and do not attempt to “vastly expand” the MDL’s scope, according to the response brief by the trustees for the Circuit City Stores Inc. Earlier this month, Circuit City, the 567-store electronics retailing giant that filed for bankruptcy protection in November, announced it was going to liquidate.

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