On the precipice of
bankruptcy, private equity-owned Linens n' Things Inc. has reportedly hired restructuring firm Conway Del Genio Gries & Co., which is also
working on a turnaround for another bankrupt retailer, the Sharper Image Inc.
Reuters reported that Linens 'n Things retained the firm in order to guide it through its options as the retailer scrambles to avoid a Chapter 11 filing. The situation continues to worsen for Linens 'n Things, which is a portfolio company of private equity firm Apollo Management LLP.
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