×
  • remind me tomorrow
  • remind me next week
  • never remind me
Subscribe to the ANN Newsletter • Wake up every Sunday to a curated list of ANN's most interesting posts of the week. read more

News
Musicland Group Files for Chapter 11

posted on by Christopher Macdonald
The Musicland Group has filed for chapter 11 bankruptcy protection in New York today. The group, which operated Sam Goody and Suncoast says that its stores will be able to remain open during restructuring (Media Play is being shut down). During the bankruptcy protection period, Musicland will not pay any invoices for goods or services received prior to today. Last month, Musicland requested debt relief from its vendors. The Book Standard suggested that Musicland may file for bankruptcy protection if it was unable to receive adequate relief.
This article has a follow-up: Musicland Updates (2006-01-16 10:51)
follow-up of Musicland to Ask for Financial Relief from Vendors
discuss this in the forum (66 posts) |
bookmark/share with: short url

News homepage / archives