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May 05, 2008 Issue #12

Cover Story

Cover Image for 2008-05-05
LNT Files for Ch. 11 Bankruptcy Protection

The other shoe finally dropped last Friday, and industry suppliers are now preparing to open up shipping lanes to Linens 'n Things as soon as they clarify the retailer's debtor-in-possession financing. LNT, the nation's second largest specialty retailer of home textiles with $2.8 billion in sales and 589 stores, filed for Chapter 11 bankruptcy protection, in the process replaci...