Entries tagged "Pier 1"
Troubled home furnishings retailer Cost Plus Inc.'s president and chief executive officer Barry Feld acknowledged that the struggling company may very well be a target for acquisition as its market capitalization continues to recede, but he said the company's recent turnaround moves are designed to keep it independent. ...
Could the Chapter 11 filings of Linens 'N Things Inc., Sharper Image Corp. and Steve & Barry's LLC be just the beginning? The New York Post posed the question to Weil, Gotshal & Manges LLP bankruptcy attorney Harvey Miller, and his answer was more retail bankruptcies are on the way. ...
Will home furnishings retailer Pier 1 Imports Inc. go hostile with its unsolicited $88 million bid for rival Cost Plus Inc.? If you read between the lines, it seems likely. ...
Even though the two retailers are struggling, Cost Plus Inc.'s board rejected Pier 1 Imports Inc.'s buyout offer. Pier 1, the retailer best known for its wicker furniture, proposed to acquire rival Cost Plus -- think Pier 1 meets Trader Joe's -- in an all-stock transaction valued at about $4 per share, or $88 million. - Maria Woehr...
