You may not have expected to see the recession come to Reno and Vegas, and yet! Herbst Gaming will lose control of its 15 casinos in Nevada, Iowa and Missouri in its new bankruptcy filing; the company blames its expensive expansion in the Nevada market in 2007. And extremely troubled Progressive Gaming, which at one time provided gaming systems for casinos, filed for liquidation this week.
liquidation: March 2009 Archives
The 129 Boater's World stores in 27 U.S. states are being shuttered. Parent company Ritz Camera Centers Inc. (who knew?) filed for bankruptcy protection last month, and is attempting to raise cash by liquidating the boat stores' inventory. The company will also close 400 of its 800 camera stores.
Shabby Chic has begun liquidating its eight retail stores. The home goods line had quietly filed chapter 11 bankruptcy in January (so quietly, in fact, that Timely Demise didn't hear about it). A federal judge ordered the stores to liquidate as part of the bankruptcy proceedings. The liquidation does not include the Simply Shabby Chic line sold at Target. (This news will not be taken lightly at Timely Demise HQ, home to several Shabby Chic sheet sets.)
Creator Rachel Ashwell is retaining the rights to the Shabby Chic name and its designs, but it is unclear at this time whether the brand will continue, and in what form.
