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Note to marketing execs: Things can't compete with Beyond.Follow

#1 May 02 2008 at 9:21 AM Rating: Good
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http://dealbook.blogs.nytimes.com/2008/05/02/linens-n-things-lands-in-chapter-11/?ref=business


Linens ‘n Things has become one the biggest companies taken private in the recent buyout boom to land in bankruptcy court.

The seller of housewares and bedding filed for Chapter 11 protection Friday morning after failing to arrange an out-of-court solution to its liquidity problems. The move is a blow to Apollo Management, Leon Black’s private equity firm, which bought the company, along with a consortium of investors, for $1.3 billion in February 2006.

Since at least mid-April, when it deferred an interest payment on its bonds, Linens ‘n Things has been negotiating with creditors and looking for a buyer in hopes of avoiding a bankruptcy filing. Those efforts fell short, leading to Friday’s filing in Delaware. The company said it plans to close 120 stores.



On the plus side, maybe I can get a good deal on some 800 thread count sheets!

Yes, I'm straight, **** off.


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To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#2 May 02 2008 at 9:22 AM Rating: Decent
Recession? There is no recession, it's just one big conspiracy to take the heat off of Bush. Smiley: dubious
#3 May 02 2008 at 9:38 AM Rating: Decent
Skelly Poker Since 2008
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They were over-priced, and I doubt you'd find any sheets at more than 600ct.
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#4 May 02 2008 at 9:46 AM Rating: Decent
Katie wrote:
Recession? There is no recession, it's just one big conspiracy to take the heat off of Bush. Smiley: dubious


It's in a slowdown Katie, like your ability to bear crotch fruit.
#5 May 02 2008 at 9:57 AM Rating: Decent
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She has no problem growing things in her crotch. Her womb is a different story.

#6 May 02 2008 at 11:29 AM Rating: Decent
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http://www.lnt.com/sm-embassy-800-thread-count-100-egyptian-cotton-6-piece-sheet--pi-2987952.html


They were over-priced, and I doubt you'd find any sheets at more than 600ct.


Never question my knowledge of bedding again, *****.

____________________________
Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

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