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  1. #1
    ABW Ambassador Rehan's Avatar
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    November 3rd, 2006
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    Linens 'n Things may be headed for bankruptcy: report
    Just a heads up for those affiliates that may be promoting Linens 'n Things...

    http://news.yahoo.com/s/nm/20080408/...nensnthings_dc
    Linens 'n Things may be headed for bankruptcy: report

    Tue Apr 8, 6:38 AM ET

    NEW YORK (Reuters) - Leon Black's buyout firm Apollo Management is mulling the idea of a "prepackaged" bankruptcy plan for ailing home furnishings retailer Linens 'n Things, the New York Post reported online on Tuesday, citing sources.

    In the course of such a plan, Apollo and the retailer's creditors would agree on a restructuring plan before filing for Chapter 11, the NY Post reported.

    Linens 'n Things could not be reached immediately for comment.

  2. #2
    15 years and counting
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    Thanks for the info. I'm spending more time removing links these days than adding new ones.

  3. #3
    Affiliate Manager Ryan at MDC's Avatar
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    Such a shame. Just read the article in the NY Post.

    Nobody said Business was easy - just need to know your margins, have a wonderful marketing plan and make sure customer service is incredible.

    If it's a great company, they'll either bounce back slowly but surely or a buyout firm will take it and cut the fat.
    Ryan Alovis
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  4. #4
    ABW Ambassador
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    When was their last affiliate payment and for what month did it cover?

  5. #5
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    Wow, My time will be spent finding a replacement merchant.

    Thanks for the heads up.

  6. #6
    Antisocial Media Expert ProWebAddict's Avatar
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    Makes me wonder if all these huge companies are tanking what does that mean for the rest of us....

  7. #7
    The Seal of Aproval rematt's Avatar
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    Quote Originally Posted by ProWebAddict
    Makes me wonder if all these huge companies are tanking what does that mean for the rest of us....
    When times are tough there's an advantage to being lean and mean.

    -rematt
    "I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant." - Richard Nixon

  8. #8
    Analytics Dude Kevin's Avatar
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    What Rematt said.

    So much overhead in Big Box retail. Granted, I know affiliates rely on the brand recognition that comes with it...

    Not to say however that etailers are safe. Look at Lillian Vernon. In their case, the overhead was more intellectual than physical, as it were.
    Kevin Webster
    twitter: levelanalytics

    Kayak Fishing
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  9. #9
    ABW Ambassador
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    CNBC just reported that bankruptcy filing is expected on Tuesday. I don't remember what kind of bankruptcy. But don't be expecting any payments soon.

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