Iconic Furniture Store Declares Bankruptcy with 33 Stores Closing, Including 1 in Chicago Suburb

Iconic furniture store declares bankruptcy with 33 stores closing, including 1 in Chicago suburb

The 75-year-old parent company of the iconic furniture and home furnishings store Value City has filed for bankruptcy, with more than 30 stores set to close for good across the U.S. including one at a busy mall in the north Chicago suburbs. Value City Furniture parent company American Signature Inc. filed for Chapter 11 bankruptcy last month, a Nov. 23 release announced, The company has since began a court-supervised sale process, with the hopes…

Mishawaka Value City Furniture closing due to bankruptcy

MISHAWAKA, Ind. -- The Value City Furniture at 8748 West Saginaw Highway in Mishawaka is set to close following the store's parent company, American Signature, Inc., filing for chapter 11 bankruptcy.

American Signature Furniture Files for Chapter 11 Bankruptcy

COLUMBUS, OHIO — Home furnishings retailer American Signature Inc. (ASI) has filed for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware. Founded in 1948, Columbus-based ASI is the parent company to Value City Furniture and American Signature Furniture, which operate more than 120 stores across 17 states. ASI expects to enter into a stalking horse asset purchase agreement under which, subject to court approval,…

American Signature Files Voluntary Petitions for Chapter 11 Bankruptcy

Columbus, Ohio — Home furnishings retailer American Signature Inc. (ASI) has filed for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware. Based in Columbus, Ohio,… The post American Signature Files Voluntary Petitions for Chapter 11 Bankruptcy appeared first on Shopping Center Business.

American Signature bankruptcy: The ties that bind

WILMINGTON, Del. — The much-anticipated bankruptcy of American Signature looks straightforward, and it has been reported as such. A company that boomed during Covid — but that has gone a bit bust since — cited in its Chapter 11 bankruptcy declaration a litany of usual suspects as cause: a crap housing market and cost pressures due to rising inflation, high interest rates, tariffs and a post-pandemic slowdown in consumer demand.  I say “much-anti…