American Freight closing all stores amid parent company’s bankruptcy filing

American Freight, a furniture and appliance retailer, is closing all 328 of its stores nationwide as part of Chapter 11 bankruptcy proceedings by its parent company, Franchise Group Inc.

The company is offering discounts up to 30% on its inventory, including furniture and appliances, as part of store closing sales managed by Hilco Consumer-Retail.

Franchise Group, which also owns Pet Supplies Plus, The Vitamin Shoppe, and Buddy’s Home Furnishings, is undergoing a restructuring to strengthen its capital structure, the New York Post has reported.

read more: https://nypost.com/2024/11/09/us-news/american-freight-closing-all-stores-amid-bankruptcy/

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