USA: Weiner's Stores To Wind Down Business
Weiner's Stores Inc, the 76-year old Houston-based family retailer, says that it plans to cease all business operations and proceed with an orderly wind-down of its business and a sale of its assets. The company has already explored a wide variety of survival options, including, partial liquidation around a smaller group of core stores, a financial sale of all or part of its business, or an equity infusion, but has now decided that an orderly wind-down of operations offers the best option for its secured lender and creditors.
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