💥New Chapter 11 Bankruptcy Filing - Number Holdings Inc. (a/k/a 99 Cents Only Stores)💥
Retailer sent to wind down after failing to secure financing or a buyer.
Though 99 Cents Only (the “company”) filed for chapter 11 bankruptcy in the red hot District of Delaware (Judge Stickles) on April 7, 2024,* the thing has seemingly been in the zone of stress and/or distress for, like, 99 years. Those of you who have been around the block long enough know what we’re talking about: Ares Management (“A…