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Pier 1 Imports Gets $20 Million Offer for Branding, Online Business – The Wall Street Journal


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Pier 1 Imports Gets $20 Million Offer for Branding, Online Business – The Wall Street Journal

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…

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…

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