Marbles wants to wind down its brick-and-mortar retail business while trying to sell intellectual property related to its e-commerce and wholesale business, CEO Girisha Chandraraj said in a Friday bankruptcy court filing.
The company has five Illinois stores, with locations in Chicago's Lincoln Square neighborhood, Water Tower Place, Westfield Old Orchard mall in Skokie, Woodfield Mall in Schaumburg and Naperville. A store in Chicago Premium Outlets in Aurora closed at the end of January.
Lindsay Gaskins and Karen Luby — then co-workers at a business incubator in the West Loop — started Marbles with a single kiosk at Woodfield Mall in 2008, banking on demand for toys, games and puzzles that provided a mental workout, not just fun. . . . more