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Bombay's Bankruptcy Winning Bidders Plan to Close Entire Store Fleet

Gordon Brothers and Hilco form Joint Venture for the Furniture Retailer
By Sasha M Pardy
October 18, 2007 | 3:00 AM

Fort Worth, TX-based Bombay Company, operator of 384 furniture and home accessories stores across the country, in September filed for reorganization under Chapter 11. In that filing, Bombay said it would continue to operate business as usual, funded by an $115 million debtor-in-possession (DIP) financing facility from GE Capital and GE Canada.

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