In a transcript obtained by Hardware Retailing from an emergency discovery conference held on October 23, the judge overseeing True Value’s Chapter 11 bankruptcy filing openly stated her concerns about whether True Value has been providing “adequate protection to the …
Read More »Tag Archives: True Value
Bankruptcy Judge Allows True Value to Use Cash Collateral While Lenders Push Back
On Friday, the U.S. Bankruptcy Court for the District of Delaware issued an Interim Order that gives True Value permission to use cash collateral from its lenders to pursue continued business operations while in Chapter 11 Bankruptcy, as well as …
Read More »NHPA Offers Tools, Reassurances to Retailers Potentially Impacted by True Value Bankruptcy
Do it Best CEO Adds New Insights to True Value Purchase Plans
In response to Monday’s announcement that Do it Best is entering into an agreement to purchase the assets of True Value Company (pending the outcome of True Value’s Chapter 11 Bankruptcy filing on Oct. 14th), Hardware Retailing’s editorial team sat …
Read More »True Value Files for Chapter 11 Bankruptcy, Do it Best Bids to Acquire Assets
In one of the biggest deals the independent home improvement industry has seen in decades, Do it Best has announced its bid to acquire substantially all assets from True Value, which filed for Chapter 11 bankruptcy under private equity ownership. …
Read More »Product Picks From the True Value 2024 Fall Reunion
While covering the True Value 2024 Fall Reunion, which took place in Orlando Sept. 9-11, I (Lindsey Thompson, NHPA managing editor) walked the show floor looking for the latest and greatest products. Here are my top four picks and why …
Read More »Future, Education Top of Agenda at True Value 2024 Fall Reunion
With a focus on what’s next and best practices, the True Value 2024 Fall Reunion in Orlando brought together retailers from across the U.S. and around the world for several days of product discovery, education and networking. “The True Value …
Read More »True Value Builds Brand for the Future With Corporate-Owned Stores
As another outlet for promoting growth and the success of the True Value brand, the company has started the process of owning and operating retail stores. True Value purchased its first store in Palatine, Illinois, in March 2024. Eric Lane, …
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