Shopko was unable to find a buyer for its go-forward business as a going concern. Gordon Brothers will oversee the liquidation process which is expected to conclude 10-12 weeks from now.
March 19, 2019
Regional general merchandise retailer Shopko filed voluntary petitions for a court-supervised financial restructuring under Chapter 11. Wells Fargo acted as administrative agent on $80 million in DIP funding to support the process.
January 17, 2019