Bankruptcy

Linens N' Things Finally Files Chapter 11

By Scott Riddle

After being on the verge of a filing for many months, Linens N' Things finally pulled the trigger.  According to this article in the Atlanta business Chronicle, the following local stores will close -

It will close stores at Perimeter Mall in Atlanta, Uptown Square Shopping Center in Fayetteville, Stonecrest Marketplace in Lithonia, Macon Mall in Macon and Southlake Pavillion in Morrow.

The company has landed $700 million in debtor-in-possession financing from General Electric Capital Corp., which Linens Holding said will ensure healthy merchandise flow as it gets ready for the back-to-school and holiday selling seasons.

Full post as published by Georgia Bankruptcy Blog on May 02, 2008 (boomark / email).