Seeks to sell assets to Gordon Brothers
The company is beginning a restructuring plan
Restaurant operators continue to deal with market headwinds
Move comes in wake of 19 restaurant closings, other cost-saving steps
London-based retailer would keep seven EMS stores in U.S. open
Home-goods retailer running going-out-of-business sales, selling off assets
While focus will be on DTC, brand’s remaining stores will continue operating
Pharmacy chain and celebrations store both closing underperforming stores
Hilco overseeing shutdown of 72 remaining stores
Bed Bath & Beyond unit drawing bidders
But reorganizations, not liquidations, chosen by most troubled companies
The IPO comes three years following its Chapter 11 filing