November
2012: Bakers Footwear Group filed for
Chapter 11
protection last month in the U.S. Bankruptcy Court in the
Eastern District of Missouri. At the time of the filing, the
retailer operated a total of 213 stores in 34 states. "The
company has received financing commitments to continue operating
the remaining 63 stores in hopes of reorganizing around a
smaller business," noted Jim Thieken, Senior Vice President at
SB. "If such a refinancing does not occur, Tiger Group and SB
Capital would then liquidate the inventory in those locations."
Approximately 1,325 store and district personnel have been
retained to assist the joint venture in operating the 150 stores
through the completion of the sale process. For a list of the
150 locations being liquidated, go to: http://tigergroupllc.com/bakers-sale
Bakers Footwear Financials
Bakers Footwear Jobs
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