Linens 'n Things Plans Bankruptcy Exit

Linens 'n Things Plans Bankruptcy Exit
August 19, 2008

Clifton, N.J.-based Linens 'n Things Inc. has come up with a plan to emerge from bankruptcy by early next year, according to The New York Post. Under the devised plan, the home furnishings retailer will reverse many of the strategies introduced in 2005 when the company was bought by billionaire Leon Black's buyout firm Apollo Management, to include splashy clearance sales and product promotions, the Post reported. Under the direction of turnaround advisory firm Conway, Del Genio, Gries & Co., current management seeks to return the retailer to an "everyday, low price" model. Linens 'n Things filed for Chapter 11 bankruptcy protection in May.

Produced by: Nielsen Business Media, a part of the Nielsen Company
	Hospitality Design \| Kitchen & Bath Business \| Display & Design Ideas Multi-Housing News \| Commercial Property News \| Impressions

DDI has been heralding the latest retail store design ideas since 1988 and has become a trusted source for all things retail. When DDI first appeared 20 years ago, the market was right for a magazine that focused on the retail environment. DDI has grown to become the retail design resource for store design concepts and a trusted guide to retail design ideas. DDI carefully chronicles the changes and focuses on the things that generate a buzz the world over in the retail industry.