Dive Brief: Regional retailer Loves Furniture filed for Chapter 11 bankruptcy protection ...

Loves Furniture declares bankruptcy following shipping issues, Penske Logistics dispute – Supply Chain Dive

Dive Brief: Regional retailer Loves Furniture filed for Chapter 11 bankruptcy protection last week following multiple shipping problems and a dispute with a logistics provider, according to court papers. Penske Logistics has filed a lawsuit for its due balance and a restraining order to prevent Loves from moving items in its warehouse. Loves filed for Chapter 11 under an agreement with another furniture specialist to liquidate excess inventory and restructure around a smaller footprint after deciding to liquidate 13 stores in …


 


 

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