Bombay Company to close all U.S. stores
Bankruptcy auction winners will keep Canadian units open
By Clint Engel -- Home Accents Today, 10/15/2007 8:11:00 AM
The Bombay Company said it will liquidate all its U.S. stores but keep the Canadian units open under an auction deal that seeks bankruptcy court approval this week.
The Fort Worth, Texas-based company, which filed for Chapter 11 bankruptcy protection Sept. 20, did not say in a statement how much the debtor would receive under the winning bid, which involves liquidators Hilco Merchant Resources and Gordon Bros., and Canadian furniture, housewares and gifts retailer Bowring and Benix & Co.
Bombay said it will submit the agreement for U.S. Bankruptcy Court approval early this week and expects to begin store closings this week, too.
Its other assets, including U.S. intellectual property rights and real estate assets, are not part of the proposed deal, the retailer said.
Bombay sells online and through 384 stores. According to Furniture/Today’s latest Top 100 — when it the company 441 stores as of Feb. 3 — 57 of those units were in Canada.
“This is a difficult day for Bombay in the United States, but we are glad that we have found a solution that will help provide most of our U.S. employees with continued work through the all-important holiday season, while also preserving the Bombay name and continuing the company’s successful Canadian operations,” Bombay CEO David Stewart said in the release.
He thanked the company’s employees “who have remained committed to serving our loyal customers during these most difficult days.”
Fred Benitah, CEO of Bowring and Benix, said Bombay is “one of the most respected retail brands in Canada, and the acquisition of Bombay Canada complements our existing Bowring and Benix brands, strengthening our position as Canada’s leading home retailers.”
-- Furniture Today
im a former employee of bombay in long island and the store closed about 1 year ago and i would need verification that i long work or even that the store has went out of bussiness i need 2 be contacted by phone or email as soon as possible thank you very much
Oscar A Valcarcel jr - 2009-11-11 13:13:00 EST
If you're trying to contact The Bombay Company, I'd start with the new owners of Bombay Brands LLC -- Hilco. Here's their website: www.hilcocc.com/contact/index.asp
The Bombay Company contact - 2008-12-01 12:10:00 EST
I think it is sad these messages seem to go unanswered so I guess that answer my question where shall I get my monies or merchandise with this gift card that I have the store threw off on me too. Where?
Sheila Hubbard - 2008-11-30 22:34:00 EST
I first began shopping with Bombay when I saw a small advert in The New Yorker magazine. They sent me line drawing leaflet in response to my call. I bought a leather-topped wine table for $19 – quite a sum for a 20-year-old earning little more than $100 a week and trying to furnish an apartment. I still have that table, as well as a house full of tables, cabinets, decorative accessories, and framed artwork. Yes, the furniture was semi-flat pack but the finishes on my furniture was – and is – excellent quality. Tastes change, shopping habits change, corporations change their direction and sometimes lose their focus. I’m sorry Bombay has closed but I still have all that lovely furniture enhancing my home.
Shirley Knott - 2008-11-13 09:26:00 EST
I was shocked when I went to the Bombay at Hilltop in Virginia Beach to
use a gift card my daughter had given me . Can I still use this any where
????
Sharon Hundley - 2008-10-24 23:43:00 EDT
use a gift card my daughter had given me . Can I still use this any where
????
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