To facilitate the acquisition agreement and restructure its balance sheet, Orchard filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware. As part of the First Day Motions, the Company also requested permission to close an initial eight stores to help strengthen the Company as a whole. Great American Group won a competitive, Court-supervised bidding process to manage the store closing sales and took over operations of these stores on June 29, Orchard has posted additional information for affected customers on its dedicated website, www.
Orchard Supply Hardware - San Ramon Coupons in San Francisco Bay Area - Chinook Book
Orchard operates neighborhood hardware and garden stores focused on paint, repair and the backyard. As of June 16, the Company had 89 stores in California and two stores in Oregon. Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets.
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