CLIFTON, N.J.–Linens ’n Things in Canada has filed for protection under the Canadian bankruptcy and insolvency act, with plans to liquidate its 40 stores this week.
Linens’ 371 U.S. stores began liquidation sales on Oct. 17.
Linens Canada will appear before a Canadian court this week to seek approval to liquidate its Canadian business. Linens ’n Things’ Canadian subsidiaries were not part of the retailer’s bankruptcy filing in May.
The filing in Canada follows approval by the United States bankruptcy court for the sale of Linens’ Canadian assets to a joint venture comprised of Gordon Brothers Retail Partners, LLC, Hilco Merchant Resources, LLC, SB Capital Group, LLC, Tiger Capital Group, LLC, Hudson Capital Group, LLC and Great American Group, LLC, the consortium that is liquidating the U.S. stores.