Sur La Table files for Chapter 11 bankruptcy, sale

[Yo_Mama_Been_Loggin]

Seattle-based kitchen retailer Sur La Table filed Wednesday for Chapter 11 bankruptcy in the District of New Jersey.

The company is working on a sale with California-based STORY3 Capital Partners, affiliates of Fortress Investment Group, according to a press release.

The move comes after it was rumored the company might pursue the restructuring and potential sale under a bankruptcy filing months before.

CEO Jason Goldberger could not be reached for immediate comment, but he said in a press release a sale would “revitalize” the company and position it to “thrive” in a post Covid-10 retail environment.

“This sale process will result in a revitalized Sur La Table, positioned to thrive in a post COVID-19 retail environment. Sur La Table will have a balance sheet and retail footprint optimized to position the Company for a bright future that continues our nearly 50-year tradition of offering high-quality cooking products and experiences to our customers,” Goldberger said in a press release.

https://www.bizjournals.com/seattle/news/2020/07/08/sur-la-table-files-for-chapter-11-bankruptcy-sale.html

[tulipsandroses]

1. Uh oh, I have a gift card, I've had since last year, I need to hurry up and use it.

Too bad I can't use it online. Hmm, I'm going to have to make a trip at some point. Ugh!

[FarPoint]

2. What????

Their online is always busy I thought...I Frequently buy my Le Creuset or Staub cookware through them....

[pfitz59]

3. Another Pike Market casualty

Empty store-fronts, a growth industry..