Curtain time for Anna’s Linens

Costa Mesa, Calif. – Anna’s Linens’ stores will soon be history.

Going-out-of-business sales will commence at all 252 Anna's Linens stores beginning Friday, June 19. Hilco Merchant Resources and Gordon Brothers Group were awarded the store closing process as a joint venture by a U.S. bankruptcy court on June 18.



The retailer filed for Chapter 11 protection on June 14, saying at the time it was working to negotiate a sale to DW Partners, a multi-strategy fund manager with $6 billion in assets.



Anna’s Linens previously filed for bankruptcy in 1993 and emerged from the process in 1994. In its most recent filing, the company said it had up to $500 million in liabilities and up to $100 million in assets.



Sales will offer discounts of up to 30% on all merchandise. The sale will entail the total liquidation of all merchandise, much of which has been re-stocked within the past week. Store furniture, fixtures, and equipment will also be available for sale.