Private-equity-owned Furniture Factory Outlet LLC, a retailer of discounted home furnishings, has filed for bankruptcy with a deal to sell the business to rival American Freight, subject to better offers.
Furniture Factory Outlet and its affiliates filed for chapter 11 protection Thursday in the U.S. Bankruptcy Court in Wilmington, Del., saying plans to turn around the retailer earlier this year were derailed by the coronavirus pandemic. The chain has permanently closed more than half of the 68 stores it had before the pandemic…
