Ames looks to emerge in 2002

Rocky Hill, CN — Ames Department Stores and the statutory Creditors Committee in its Chapter 11 case said today that they are developing a consensual plan of reorganization under which Ames would emerge from bankruptcy this year. The company also said that it expects all existing equity will be cancelled as part of its restructuring.

In addition, Ames said it has received of a proposal from GE Capital to provide exit financing. Under the current stages of planning, vendors that provide trade credit to the company will receive a junior lien after Ames emerges from reorganization.

Home & Textiles Today Staff | News & Commentary

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!