Wednesday, February 3, 2016

Hancock Fabrics files for bankruptcy, considers sale of company

Image result for hancock fabricsHancock Fabrics Inc filed for its second bankruptcy on Tuesday and said it might put the entire company of 250 retail sewing and crafting stores up for sale.

The company said the Chapter 11 filing in Wilmington, Delaware would allow Hancock to restructure its balance sheet, cut costs, close underperforming stores and access liquidity.. . . more

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