Friday, October 17, 2008

Update on Mervyn's

Mervyn's is expected to announce today that it will liquidate:
Department store chain Mervyns LLC will announce Friday that it is filing for chapter 7 bankruptcy protection — which means the Hayward-based retailer must shut its doors and liquidate its inventory, sources told CBS 5.

Over the summer, Mervyns had filed for chapter 11 protection from its creditors in U.S. bankruptcy court for the District of Delaware. The company said at the time that it planned to continue business as usual while it reorganized.


bluemlein said...

what does this mean for the employees' pensions?

Bob Houk said...

Sorry I can't help on that, I don't know anything about pensions.

Probably you should contact Mervyn's through their website: