November 5, 1991 |
Barker Bros., Southern California's oldest furniture chain, filed for bankruptcy Monday morning and said it will liquidate its business to help pay its debts. Hours later, a spokeswoman for RB Furniture in Irvine said her company is "reviewing its current position" amid increasing speculation among its suppliers that the chain will also seek bankruptcy court protection.
November 2, 1991 |
Barker Bros., one of two remaining major furniture chains based in the Los Angeles area, closed its 10 Southern California outlets Friday while preparing "to reorganize" its business. A supplier, who asked to remain unidentified, said he was told by company sources Friday that the firm had filed for bankruptcy protection. Customers and contractors said they were notified that the chain had stopped operating and would make a formal announcement of its plans next week. Barker Bros.
November 6, 1991 |
A U.S. Bankruptcy Court trustee has been appointed to oversee the Barker Bros. liquidation, but customers with deposits at the furniture retailer may have to wait months before their claims are settled. The 111-year-old firm was Southern California's oldest furniture chain; it closed Friday and filed for bankruptcy liquidation Monday.
February 20, 1991 |
Hoping to capture more younger buyers, Barker Bros. is betting that its new furniture store in South Coast Plaza Village in Santa Ana will serve as a model for the rest of the chain. The 40,000-square-foot store will group furniture by style, rather than room. Hence, a couple who want to decorate their house in a French Colonial style will find an entire area devoted to the style, instead of having to look through rows of bedrooms, or rows of dining rooms, to find what they want.
CALIFORNIA | LOCAL
July 28, 1995
Los Angeles City Councilwoman Jackie Goldberg flexed her muscle in Hollywood the other day--and we don't mean that metaphorically either. Wielding a sledgehammer, Goldberg broke through the wall of the lobby at the historic El Capitan building, revealing a peek of its 1920s splendor. There's more splendor to come. The building's owner, Wisconsin's Century Life of America, is restoring the Hollywood Boulevard structure, once home to the Barker Bros. furniture chain.
May 14, 1989
Multimillionaire Harry Macklowe has purchased the landmark Barker Bros. building, at 818 W. 7th St., and three adjoining parcels on Figueroa Street for about $100 million. The New York-based developer has plans to put about $165 million into renovating the building and constructing a conference center and 600-room hotel, which he will name, following the tradition of another well-known New Yorker, for himself. Linked to Building The 450,000-square-foot Hotel Macklowe and conference center will be linked to the Barker Bros.