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Bankruptcy Judge Gives Nod to E-Commerce Venture to Buy Pier 1 Imports' Brand

Deal Includes Pier 1's Intellectual Property and Online Business
Pier 1 Imports is in the process of closing all of its stores. (Getty Images)
Pier 1 Imports is in the process of closing all of its stores. (Getty Images)
CoStar News
July 16, 2020 | 10:50 P.M.

An e-commerce venture with the highest bid for Pier 1 Imports' intellectual property and online business was given approval by a U.S. bankruptcy judge to move ahead with the deal, giving the retailer's brand a shot of a future that won't have to be reliant on its 900 brick-and-mortar stores across North America.

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