Entries tagged "Furniture Brands International Inc."
There's been little love for Sun Capital Partners in the month of February. The distressed investor has seen three portfolio companies -- Wickes Furniture Co., Sharper Image Corp. and Lillian Vernon Corp. -- file Chapter 11 so far, and after market close Thursday the latest object of its affection, Furniture Brands International Inc., spurned the unsolicited offer Sun made earlier this week. ...
It's been a rough month for distressed investor Sun Capital Partners as a trio of its portfolio companies fell into Chapter 11 in February. Things started off on the wrong foot as Wickes Furniture Co. filed for bankruptcy in Wilmington, Del., early this month; and after a two week lull two more of its investments, high-end gadget retailer Sharper Image Corp. and gift shop chain Lillian Vernon Corp., filed this week. ...