W.S. Badcock, one of Tampa Bay’s oldest and once one of its largest private companies, is winding down operations as its parent company faces a potential full-chain liquidation in Chapter 11 bankruptcy.
The financial turmoil stems from Conn’s Inc.’s (Nasdaq: CONN) troubled acquisition of Badcock in December 2023. The Houston-based furniture and appliance retailer cited rising costs and declining sales when it filed for bankruptcy with $1.95 billion in debt on July 23 in the Northern District of Texas.
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