The Z Gallerie store at 5225 Alpha Road in Dallas, north of the Galleria, is closing this summer as part of the retailer's bankruptcy. Stores in Allen and Fort Worth are also closing. Staying open are knox Street, the Shops at Willow Bend in Plano and at Southlake Town Square.
Who bought Z Gallerie?
When did Z Gallerie go bankrupt?
Did CSC buy Bon Ton?
Is Z Gallerie closing?
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Why is Z Gallerie closing?
Struggling home decor chain Z Gallerie is retrenching, with plans to close more than two dozen stores across the country. The retailer filed for Chapter 11 bankruptcy earlier this year, according to the Dallas Morning News, and is in the process of rejecting leases for some underperforming stores.
Who bought out Z Gallerie?
DirectBuyThe retailer was acquired by Brentwood Associates Private Equity V LP in 2014. Z Gallerie is headquartered in Los Angeles, California with an additional buying office in Berkeley, California. As of July 2019, the company is owned by DirectBuy.
Is Z Gallerie in financial trouble?
Home furnishings retailer Z Gallerie has become the latest brick-and-mortar retailer to declare bankruptcy. The Los Angeles-based company said it filed for Chapter 11 bankruptcy protection on Monday and plans to close 17 of its 76 stores.
When did Z Gallerie go out of business?
In 2009, Z Gallerie became another casualty of the Great Recession's destructive path across virtually all of American retail.
Who is the CEO of Z Gallerie?
Graham Maraia - CEO - Z Gallerie | LinkedIn.
Who bought Z Gallerie?
In May, DirectBuy Home Improvement, a subsidiary of Merrillville, Ind.-based e-commerce business CSC Generation, purchased Z Gallerie. The company's winning bid was valued at $20.3 million, according to filings in the U.S. Bankruptcy Court in Delaware.
When did Z Gallerie go bankrupt?
Z Gallerie, a California-based retailer that filed for bankruptcy once before in 2009, closed 17 stores initially, saying many of its new stores didn't perform as expected, while it went to the expense of opening a new distribution center. Recently, Z Gallerie rejected 27 more leases, including seven in Texas that are closing this summer.
Did CSC buy Bon Ton?
Last year, CSC also purchased out of bankruptcy the intellectual property of Bon-Ton and its various department store brands that operated in the Midwest.
Is Z Gallerie closing?
The Z Gallerie store at 5225 Alpha Road in Dallas, north of the Galleria, is closing this summer as part of the retailer's bankruptcy. Stores in Allen and Fort Worth are also closing.
When is the Z Babie promotion 2021?
Valid for purchases made from November 24th, 2021 - November 28th, 2021 by 11:59 PM PST. Up to 40% Off sitewide. Promotion cannot be combined with any other offer and is not valid on Outdoor Tableware, Z Babie, books, and sale items, past purchases or towards purchases of gift cards. Final prices are as marked.
When does free shipping start in 2021?
Free Shipping offer applies to "Standard" shipping on orders of $79 or more. Free shipping applies only to orders placed from November 24th, 2021 - November 28th, 2021. Excludes furniture, leaner mirrors and past purchases. Taxes, oversize fees and assembly charges still apply. Valid only on U.S. purchases, delivered to a single address within the 48 contiguous U.S. states (excluding U.S. Territories, P.O. Box, Military Postal Service and International orders).
When did Z Gallerie file for bankruptcy?
This would be the second bankruptcy filing for Z Gallerie, which was founded in Sherman Oaks, California, in 1979. It previously filed for Chapter 11 in April 2009 and emerged later that year after closing 25 stores.
Does Z Gallerie have a debtor in possession loan?
Z Gallerie said it expects to have access to a $28 million debtor-in-possession financing facility from its existing secured lender, KeyBank National Association. The DIP financing, which needs bankruptcy court approval, provides up to $8 million in incremental liquidity, and combined with its cash from operations, should provide sufficient liquidity for the company to maintain normal operations while it restructures.
Who bought Z Gallerie?
In May, DirectBuy Home Improvement, a subsidiary of Merrillville, Ind.-based e-commerce business CSC Generation, purchased Z Gallerie. The company's winning bid was valued at $20.3 million, according to filings in the U.S. Bankruptcy Court in Delaware.
When did Z Gallerie go bankrupt?
Z Gallerie, a California-based retailer that filed for bankruptcy once before in 2009, closed 17 stores initially, saying many of its new stores didn't perform as expected, while it went to the expense of opening a new distribution center. Recently, Z Gallerie rejected 27 more leases, including seven in Texas that are closing this summer.
Did CSC buy Bon Ton?
Last year, CSC also purchased out of bankruptcy the intellectual property of Bon-Ton and its various department store brands that operated in the Midwest.
Is Z Gallerie closing?
The Z Gallerie store at 5225 Alpha Road in Dallas, north of the Galleria, is closing this summer as part of the retailer's bankruptcy. Stores in Allen and Fort Worth are also closing.
