True Value hardware declares bankruptcy and sells itself to a rival
Briefly

from www.mercurynews.com3 months ago
True Value's decision to file for Chapter 11 bankruptcy and sell its operations reflects the challenges faced by smaller retailers in a market dominated by larger competitors like Home Depot and Lowe's.
www.mercurynews.comhttps://www.mercurynews.com/2024/10/14/true-value-hardware-declares-bankruptcy-and-sells-itself-to-a-rival/
True Value CEO Chris Kempa stated, "After a thorough evaluation of strategic alternatives, we determined that the sale of our business was the path forward to maximize value and best serve our retail partners and other stakeholders into the future."
www.mercurynews.comhttps://www.mercurynews.com/2024/10/14/true-value-hardware-declares-bankruptcy-and-sells-itself-to-a-rival/
Do it Best CEO Dan Starr commented on the acquisition potential, saying, "This acquisition, if consummated, would provide True Value and independent hardware stores the strongest opportunities for growth for years to come."
www.mercurynews.comhttps://www.mercurynews.com/2024/10/14/true-value-hardware-declares-bankruptcy-and-sells-itself-to-a-rival/
True Value emphasized that despite the bankruptcy filing, its stores will remain open, as they are not part of the bankruptcy proceedings and will continue day-to-day operations.
www.mercurynews.comhttps://www.mercurynews.com/2024/10/14/true-value-hardware-declares-bankruptcy-and-sells-itself-to-a-rival/
Read at www.mercurynews.com
#true-value #bankruptcy #hardware-store #business-acquisition #retail-industry
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