by Lindsey Thompson | Nov 8, 2024 | Industry News
(Disclosure: NHPA, which publishes Hardware Retailing and Paint & Decorating Retailer magazines, is among the vendors involved in theTrue Value bankruptcy claims.) As the True Value Company LLC bankruptcy and sale to Do it Best continues to move forward, several...
by Lindsey Thompson | Nov 4, 2024 | Industry News
On Monday, Nov. 4, True Value sent a notification to vendors and retailers, stating that it was temporarily suspending its drop ship program to remain focused on primary business during the bankruptcy case and sale to Do it Best. (In full disclosure, NHPA, which...
by Olivia Shroyer | Oct 31, 2024 | Industry News
True Value Company and its secured lenders, led by PNC, today reached a major milestone agreement to avoid the liquidation of the 75-year-old Chicago-based distributor in a move that will push the sale to Do it Best forward for now. The agreement allows True Value to...
by Lindsey Thompson | Oct 25, 2024 | Industry News
The True Value regional distribution centers (RDCs) are preparing for potential layoffs and shutdowns in light of the Chapter 11 bankruptcy and potential Do it Best purchase announcements earlier this month. So far, 11 of the 13 True Value RDCs have received Worker...
by Lindsey Thompson | Oct 24, 2024 | Industry News
In a transcript obtained by Paint & Decorating Retailer from an emergency discovery conference held on October 23, the judge overseeing True Value’s Chapter 11 bankruptcy filing openly stated her concerns about whether True Value has been providing “adequate...
