-
Anna’s Linens files for Chapter 11; negotiating sale
Costa Mesa, Calif. — Anna's Linens Inc. announced it filed for Chapter 11 bankruptcy court protection on June 14. The retailer said it is working to negotiate a sale to DW Partners, a multi-strategy fund manager with $6 billion in assets.
The asset management firm would become “the stalking horse” bidder, and make the initial bid in a bankruptcy auction sale.
-
Schimenti Construction nears completion of Chick-fil-A’s first NYC location
Ridgefield, Conn. — Chick-fil-A will open its first restaurant in New York City this July. The 13,000-sq-.ft. restaurant on Sixth Avenue at West 37th Street was built by Schimenti Construction, which is also constructing a second Chick-fil-A, in Port Jefferson, N.Y., also due to open this summer.