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In 1985, it was acquired by Zayre, a Framingham, Massachusetts-based discount department store chain. After Zayre was acquired by Ames, HomeClub was spun off under a new company called Waban Inc., which also owned BJ's Wholesale Club. In 1991, it discontinued its membership program and adopted the HomeBase name shortly thereafter.
Best Products – filed for bankruptcy for the second time in September 1996 [33] [34] and closed all of its stores by the following February [35] [36] Brendle's – became bankrupt and liquidated in 1996 [37] [38] Consumers Distributing – sought bankruptcy protection in 1996; Ellman's – acquired by Service Merchandise in 1985 [39] [40]
In 1989, TJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub (later known as HomeBase, then House2Home), to form Waban, Inc. In August 1997, Waban spun off BJ's to become an independent company, BJ's Wholesale Club, Inc., headquartered in Natick, Massachusetts, while Waban renamed itself to HomeBase, Inc. [7]
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Oct. 22, 2021: Levee Breaks files for Chapter 7 bankruptcy. Oct. 22, 2021: Headley Grange Investments, an LLC established by Brian Serpone in 2017, files for bankruptcy. The company's business is ...
The chain filed for its second bankruptcy and liquidation on August 7, 2019, [13] closing the remaining 54 stores [14] with plans to auction its intellectual property. [15] ALDO filed for bankruptcy on May 7, 2020, citing repercussions related to the COVID-19 pandemic as to why. [16] The shoe chain emerged from bankruptcy two years later. [17]
NEW YORK (Reuters) -A U.S. bankruptcy judge on Friday ordered a court-supervised liquidation of conspiracy theorist Alex Jones' personal assets, but he dismissed the bankruptcy of Jones' company ...
Service Merchandise was a retail chain of catalog showrooms carrying jewelry, toys, sporting goods and electronics. The company, which first began in 1934 as a five-and-dime store , was in existence for 68 years before ceasing operations in 2002.