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Consumer & retail coverage - ElevenFlo

Consumer & retail coverage

88 articles

Week of October 12, 2026

Sleep Number Completes $529.5M Sale, Proposes Liquidation

Sleep Number's sale to a Sleep Country Canada affiliate closed July 31 with a $529.5 million cash price. Its proposed liquidation plan provides a $3.5 million gross unsecured-creditor trust and faces release objections.

Week of October 5, 2026

Leslie's Seeks $687M-Plus Debt Cut in Chapter 11

Leslie's proposes more than $687 million in debt relief and a $500,000 unsecured-creditor pool. The U.S. Trustee appointed a seven-member creditors' committee on October 14, 2026. The article also covers financing and the 76-store closure plan.

Week of September 7, 2026

Vi-Jon Proposes $25M Cash Contribution to Talc Trust

Vi-Jon’s September 2 plan proposes a $25 million cash contribution to a talc trust, a $1 million note and additional contingent assets. A September 23 hearing will address disclosure and solicitation procedures.

Week of July 20, 2026

Trajector Holdings Files Chapter 11 as $62.9M Debt Matures

Trajector Holdings filed Chapter 11 after a founder dispute complicated refinancing of reported $62.9M secured debt. An August 25 order authorized continued interim cash-collateral use.

Week of June 22, 2026

Systematic Audio Files Chapter 11 After $21M Verdict

Systematic Audio, maker of Sundown Audio car audio, filed chapter 11 after a $21M jury verdict and lender defaults, with about $25M of secured debt.

Week of June 8, 2026

Presperse Corporation: $49M Talc Trust and 524(g) Plan Confirmed

Presperse Corporation filed chapter 11 in the District of New Jersey on Sept. 9, 2024, to resolve ~275 talc personal-injury claims through a $49M 524(g) trust funded by parent Sumitomo Corporation of Americas. The prenegotiated plan confirmed July 29, 2025.

Forever 21: $1.58B Debt and Cash Collateral Liquidation

F21 OpCo, the U.S. operator of Forever 21, filed chapter 11 in Delaware on March 16, 2025, carrying $1.582 billion in funded debt. No going-concern buyer emerged; the liquidating plan was confirmed June 24 and went effective June 30, 2025.

Week of June 1, 2026

Franchise Group: $1.5B Debt-for-Equity Plan and Two-Step Emergence

Franchise Group's Delaware chapter 11 confirmed a plan cutting about $1.5B in debt via first-lien equitization, funded by a $750M DIP. The case sold Vitamin Shoppe for $193.5M, wound down American Freight, and emerged in two steps on June 6 and July 3, 2025.

Tuesday Morning: $40M Rights Offering Delivers Full Unsecured Recovery

Tuesday Morning's 2020 chapter 11 ended with a confirmed plan that paid general unsecured claims in full. Funded by a $40 million rights offering and a $110 million exit ABL, the Dallas off-price retailer emerged in January 2021 with 490 stores — then refiled in 2023.

HDC Holdings II (Dirt Cheap): $36.5M ABL Freefall and Chapter 7

HDC Holdings II and affiliates, operators of the Dirt Cheap off-price retail chain, filed chapter 11 in Delaware Oct. 10, 2024 with $36.5M in prepetition ABL debt, ran a chain-wide Hilco liquidation across ~68 stores, and converted to chapter 7 on Dec. 23, 2024.

Contractor Tool Supply: $14.6M Lender Drives Chapter 11 Wind-Down

Vera Holdings & Investments, parent of Contractor Tool Supply (Vera Tools on Amazon), filed chapter 11 Feb. 4, 2026 in M.D. Fla. DIP financing withdrawn May 5, 2026; the case now operates under a $14.6M Tiger Finance lien as inventory is wound down through Amazon FBA and Dudley's Auction.

Painted Tree Liquidates in Chapter 7 After Store Closures

Painted Tree’s 65 debtors are liquidating in chapter 7 after store closures. The court approved lease rejection in June 2026, the August 25 claims deadline passed, and Stretto’s appointment ended September 15.

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