Pier 1 files for Chapter 11 bankruptcy protection

Pier 1 Imports is filing for Chapter 11 bankruptcy protection.

News 12 Staff

Feb 18, 2020, 11:53 AM

Updated 1,589 days ago

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Pier 1 Imports is filing for Chapter 11 bankruptcy protection.
The home decor retailer says it's racked up $59 million in losses.
The company said in a statement that it has cut a deal with lenders to get a quarter of a billion dollars in financing.
Pier 1 was in the process of closing hundreds of stores, including many on Long Island, but there are still 500 locations up and running.


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