Texas-Based Pier 1 Looking To Wind Down Business After Not Finding Buyer

Pier 1 Imports is looking to wind down its business after not having any success finding a buyer. The Texas-based company says its inventory and other things like intellectual property is going to be sold. In a statement, CFO Robert Riesbeck blamed the coronavirus pandemic for contributing to the company not being able to land a buyer. Pier 1 went down the bankruptcy route back in February.

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