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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

 

 

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