furniture retailer

Luxury Furniture Retailer Robb & Stucky Bought By Liquidators

Filed under: Decor

Last month I mentioned that luxury furniture retailer Robb & Stucky had filed Chapter 11. Now it looks like the brand, which is based in Florida and also has stores in Arizona, Nevada and Texas, is facing potential liquidation.

Furniture Today reports that a U.S. Bankruptcy Court in Tampa, Florida has approved sale of the brand to liquidators Hudson Capital and Hyperams. Hudson Capital and Hyperams were the stalking horse bidder and the only validated bidder at an auction to sell off the brand. When the brand filed Chapter 11 in February it was hoping to raise enough money from potential investors to make a bid to keep the company in business. The Naples Daily News reports that the fate of the stores remains up in the air. Liquidation would mean that employees would lose their jobs, stores would close and customers could lose deposits they have put down on furniture.

The company sells a variety of high-end collections including Ralph Lauren home, Keno Brothers and Tommy Bahama. It was founded in 1915 in Florida. At the time of the Chapter 11 filing it listed assets and debts in the range of $50 million to $100 million. It employs about 1,300 people.

Tags: chapter 11, furniture brand, furniture retailer, liquidation, robb stucky

Luxury Furniture Store Robb & Stucky Files Chapter 11

by Deidre Woollard (RSS feed) —

Filed under: Decor

Luxury furniture retailer Robb & Stucky has filed for Chapter 11 bankruptcy protection here. The company sells a variety of high-end collections including Ralph Lauren home, Keno Brothers and Tommy Bahama but has struggled in recent years partly because its strongholds are in markets in Florida, Arizona and other challenging real estate markets.

The company, which was founded in 1915 in Florida, has listed assets and debts in the range of $50 million to $100 million. Furniture Today reports that the bulk of the company's unsecured creditors are home furnishings companies which are owed about $8 million. The brand issued a press release saying that it is looking for a buyer. It employs about 1,300 people and stores will remain open during the transition.

Tags: chapter 11, furniture retailer, furniture store, robb stucky, robb and stucky