Christmas Tree Shops plans to close all its stores in the United States
The company will liquidate 82 stores, including three in Maine, unless a buyer emerges soon.
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The company will liquidate 82 stores, including three in Maine, unless a buyer emerges soon.
Christmas Tree Shops, known for its array of home goods, filed for Chapter 11 bankruptcy earlier this year after is came into peril after reported insolvency.
Christmas Tree Shops is planning to liquidate all of its remaining stores, according to a new report in the Wall Street Journal.
As part of the bankruptcy filing Handil received a $45 million loan in order to maintain normal business operations during the process but failed to make a payment.
Christmas Tree Shops is preparing for liquidation sales at all of its stores after reportedly defaulting on a loan that funds its bankruptcy.