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Closing Time: Chapter 11 filer Z Gallerie begins liquidation sale | Furniture Today

The famous furniture store Z Gallerie filed for Chapter 11 bankruptcy protection for the third time. The store has begun the liquidation process while marking down its merchandise and closing stores at multiple locations. B. Riley Retail Solutions has been hired to execute the closing sales across the company’s 21 stores. Items such as furniture, bedding, home decor, and more are marked down starting at 40% in association with the event. Also, CSC Generation Holdings Inc., the owner of the retailer filed for bankruptcy in the U.S. Bankruptcy Court in the District of New Jersey this month as well. CSC bought Z Gallerie and DirectBuy Home Improvement Inc. out of bankruptcy in July 2019 for $20.3 million.

Z Gallerie currently has five stores in California; seven in Florida; three in Texas; and one each Atlanta, suburban Chicago, Las Vegas, Maryland, New York and New Jersey.

Source: Closing Time: Chapter 11 filer Z Gallerie begins liquidation sale

Photo by Albero Furniture Bratislava on Unsplash

Thomas H. Curran Associates represents a broad range of businesses and corporate entities, private equity funds, as well as governmental agencies and other interested parties in all phases of the bankruptcy process and in bankruptcy related transactions and litigation. As advocates and trusted business advisors, our well-established foundation of knowledge and understanding of our clients’ business and professional interests, enables our attorneys to deliver unparalleled individualized attention to our clients of all sizes with their bankruptcy, litigation and corporate transactional needs.

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