Pier 1 Imports Gets $20 Million Offer for Branding, Online Business

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Pier 1 Imports Gets $20 Million Offer for Branding, Online Business
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Pier 1 Imports has found a potential buyer offering more than $20 million in cash for the bankrupt company’s intellectual property and e-commerce business as its brick-and-mortar operations wind down

Home-goods retailer Pier 1 Imports Inc. has found a potential buyer offering more than $20 million for the bankrupt company’s intellectual property and e-commerce business as its brick-and-mortar retail operations wind down.

The Fort Worth, Texas, retailer has tapped Retail Ecommerce Ventures LLC to serve as the lead bidder, or stalking horse, to acquire Pier 1’s intellectual property, data and other assets related to the e-commerce business. The proposed buyer last year purchased the brand assets of Dressbarn and its e-commerce...

 

Loved Peir 1♥️♥️♥️

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That actually sounds potentially cheap. But still it's something to lose such a famous company.

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