The Major Craft Reagann Joann is arranging to close hundreds of places
Jonn Inc., including a chapter 11 protection from January second time in less than a year later, it arranges hundreds to shut down their feet.
The seller placed the motion of this week to start off its 500 grocery to the nation 11. If approved, the company said the business-based sales will begin immediately on Saturday, and may continue for a few months.
A company spokesman told the FOX Business that closure is part of the company’s plan to raise its business value.
Hundred Files Arts Makers Retail
“Careful analysis of Stadium and Governance Strategic Fit Company Presented by Company What Shops should maintain as usual at this time.
In March 2024, when the company was filled with the 11th chapter after 81 years of business, it was a private company, but there were no more than 49 places in 49 locations.
In January, the company filed a protection of a US Court on the US in the District of Delaware with the prospect of selling the company after sales of sales and depressed sales levels.
The lease of approximately 700 city premises are sold at auction
“After carefully reviewing all the available methods, we have decided that the start of the Court emphasis is the best course to expand the business value,” said DEO Michael Prondergast where the company includes the second. “We hope this process enables us to find the way to allow Jonn to continue working like continuous concern. “
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The company wanted a court permit last month to start the process of selling all its assets in Gordon Bartail Partner LLC. Gordon will work as a ‘united horse’ “horse” to a party that agrees to make the original bid of Bankrupturp companies, usually before the creation process begins.
The brothers in Gordon estimate they aimed to follow the company’s configuration and external business in every Store, according to Joannan, continued to request different bids.
It said we had received questions in groups that can be interested in the process of working on online stores and business stores continuously.
If other qualified bids are introduced through trading processes, Joannan planns to make auction or auction, with a bid of stabing horses through the processes in auction.
Here are the shops closing each situation:
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