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On December 7, 2023, Soft Surroundings was sold to Coldwater Creek. [8] Coldwater Creek, which had filed a Chapter 11 bankruptcy petition in 2014, was acquired by Hong Kong-based procurement, logistics and product development company, Newtimes Group, in 2020. Newtimes Group is one of the world's largest suppliers to the apparel industry.
On April 11, 2014, Coldwater Creek announced that it was filing for Chapter 11 bankruptcy, listing $278.5 million in assets and $361.3 million in debt. In a statement the company said that it had “engaged in a thorough analysis of all potential alternatives” but had failed to find a buyer or a source of funds to support continued operations.
Coldwater Creek closed all stores in 2014 and became an online-only retailer operated by Sycamore Partners [97] until a new store opened in Burlington, Massachusetts in early 2018. [98] However, that store and all remaining new locations closed by July 2020, likely due to the COVID-19 pandemic.
In April of 2023, Bed Bath & Beyond filed for Chapter 11 bankruptcy and shuttered all of its retail locations by June. ... the two brands plan to open a few bricks-and-mortar locations. Bed Bath ...
Open and closed Red Lobsters in Illinois. OPEN. Alton: 170 E. Beltline Parkway. Aurora: 1036 N Route 59. Bloomington: 714 Eldorado Road. Bolingbrook: 209 South Weber Road. Champaign: 1901 N ...
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