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Pier 1 Imports Files for Chapter 11 Bankruptcy
Fort Worth-based home goods retailer Pier 1 Imports announced Tuesday that it filed a motion seeking bankruptcy court approval to begin “an orderly wind-down of the company’s retail operations” and to liquidate all assets due to economic stress brought on by the pandemic coupled with the inability to find a buyer.
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Pier 1 Files for Chapter 11 Bankruptcy
In a somewhat expected move, Fort Worth-based Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings and is pursuing a sale of the company.