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tabula rasa?!.....another retailer files for bankruptcy.......
Posted by: NewtonMP2100
Date: July 09, 2020 07:08AM
.....'Sur la Table'.....sells kitchen stuff......closing 50 stores.....


High-end kitchenware chain Sur La Table files for bankruptcy and closes over 50 stores

Luxury kitchenware chain Sur La Table has filed for Chapter 11 protection, becoming the latest in a growing line of retailers filing for bankruptcy amid the coronavirus pandemic.

The company is reportedly working on a sale with Fortress Investment Group, which recently made an acquisition of burger chain Krystal.

"This sale process will result in a revitalized Sur La Table, positioned to thrive in a post COVID-19 retail environment," Jason Goldberger, Sur La Table's chief executive, said in a statement.

....High-end kitchenware chain Sur La Table is the latest retailer filing for bankruptcy following temporary store closures amid the pandemic.

The Seattle-based luxury kitchen retailer said on Wednesday it plans to continue operations of successful stores, in-person and online cooking classes, and its e-commerce business.

The privately-held brand has closed over 50 stores, according to the company's FAQ page.

It filed for bankruptcy after contemplating the "rationalization of its national store footprint" and some store closures in the current retail environment.

The news comes after the company permanently laid off roughly 20% of its staff last month.

"This sale process will result in a revitalized Sur La Table, positioned to thrive in a post COVID-19 retail environment," Jason Goldberger, CEO of Sur La Table said in a statement.

Sur La Table reportedly plans to sell 70 stores to California-based Fortress Investment, which recently acquired burger chain Krystal.

The company is known to offer cooking classes at its retail stores, but those will be shifted to only certain locations and its digital platform

After temporarily closing stores in March, the retailer reopened 121 stores across the country on July 4.

Sur La Table operates stores across the Bay Area, including San Francisco, Berkeley, Walnut Creek, and San Jose. It was established in 1972 and has been owned by private-equity firm Investcorp since 2011.



another one bites.....the dust......?!



_____________________________________

I reject your reality and substitute my own!
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Re: tabula rasa?!.....another retailer files for bankruptcy.......
Posted by: Racer X
Date: July 09, 2020 07:13AM
My family has been shopping at the flagship Seattle store since, well 1972. About a block from the original Starbucks location.



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The police have no duty to respond. See Castle Rock v. Gonzales, 545 U.S. 748 (2005) or Warren v. District of Columbia[1] (444 A.2d. 1, D.C. Ct. of Ap. 1981)
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Re: tabula rasa?!.....another retailer files for bankruptcy.......
Posted by: anonymouse1
Date: July 09, 2020 09:34AM
I've spent way too much time there, drooling over stuff I couldn't afford, back in the day.

Quote
Racer X
My family has been shopping at the flagship Seattle store since, well 1972. About a block from the original Starbucks location.
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Re: tabula rasa?!.....another retailer files for bankruptcy.......
Posted by: mrbigstuff
Date: July 09, 2020 10:48AM
Oh, no !

We sent our kids there tontake cooking classes, and most of the time they were really good. Plus, I'd stand there and keep making free espressos while waiting for them.
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Re: tabula rasa?!.....another retailer files for bankruptcy.......
Posted by: Racer X
Date: July 09, 2020 05:37PM
Still own most of mom's cookware too.



********************************************
The police have no duty to respond. See Castle Rock v. Gonzales, 545 U.S. 748 (2005) or Warren v. District of Columbia[1] (444 A.2d. 1, D.C. Ct. of Ap. 1981)
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