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Strouds Inc

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BUSINESS
September 26, 2000
* Linen retailer Strouds Inc., which filed for U.S. Bankruptcy Court protection this month, said Chairman and Chief Executive Charles R. Chinni has been placed on paid administrative leave. The Industry-based company also announced that turnaround specialist John P. Brincko has been named interim president and CEO and that founder Wilfred C. Stroud Jr. has been named acting chairman.
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BUSINESS
February 3, 2001 | Bloomberg News
Strouds Inc., a seller of bed and bath linens, asked a Bankruptcy Court in Delaware to approve its plan to sell 50 stores and most of its remaining assets to IHome Inc. for about $38 million. IHome, which sells linens and furniture via the Internet, agreed to buy all but six of Strouds' stores, all of its trademarks and copyrights, two distribution centers and a Web site, Strouds said.
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BUSINESS
February 3, 2001 | Bloomberg News
Strouds Inc., a seller of bed and bath linens, asked a Bankruptcy Court in Delaware to approve its plan to sell 50 stores and most of its remaining assets to IHome Inc. for about $38 million. IHome, which sells linens and furniture via the Internet, agreed to buy all but six of Strouds' stores, all of its trademarks and copyrights, two distribution centers and a Web site, Strouds said.
BUSINESS
September 26, 2000
* Linen retailer Strouds Inc., which filed for U.S. Bankruptcy Court protection this month, said Chairman and Chief Executive Charles R. Chinni has been placed on paid administrative leave. The Industry-based company also announced that turnaround specialist John P. Brincko has been named interim president and CEO and that founder Wilfred C. Stroud Jr. has been named acting chairman.
BUSINESS
September 8, 2000 | JAMES F. PELTZ, TIMES STAFF WRITER
Starkly underlining the tough conditions for small specialty retailers, linen supplier Strouds Inc. filed for bankruptcy court protection Thursday and Restoration Hardware Inc., a peddler of decorative and quirky home furnishings that's also losing money, said it's seeking more credit and exploring other strategic moves. Strouds, based in Industry, runs 70 stores, most in California, but the chain said it plans to close nine stores as part of its reorganization under Chapter 11 of U.S.
BUSINESS
July 9, 1997
Strouds Inc. named former Kmart Corp. executive Charles Chinni as its chief executive. Chinni, previously Kmart's executive vice president of merchandising, will also join Strouds' board. He left Kmart in October 1995 after only eight months. He also worked at Federated Department Stores Inc.'s Macy's unit for 30 years. Industry-based Strouds is a specialty retailer of bed, bath, tabletop and other home textiles products. It operates 65 stores in five states.
BUSINESS
April 22, 2004
* Microsoft Corp. agreed to extend a key provision of its landmark antitrust settlement by at least two years in response to concerns that the pact was taking too long to put into effect. Microsoft will allow rivals to buy access to key computer code for an additional two years after the settlement is scheduled to expire in November 2007. * European Union regulators are investigating Germany and Italy for allegedly favoring computer chips made by Intel Corp.
BUSINESS
July 7, 2000
* Medical products company Mentor Corp. of Santa Barbara warned that its first-quarter earnings would fall below Wall Street expectations due to lower sales. Earnings per share for the quarter ended June 30 are expected to range between 32 cents and 34 cents, below the First Call/Thomson Financial consensus estimate of 37 cents. In the year-ago quarter, Mentor earned 28 cents per share. * Strouds Inc. has retained Thomas W.
BUSINESS
December 22, 1999
* Strouds Inc., a specialty home textiles and furnishings retailer based in Industry, has promoted controller Gary Van Wagner to chief financial officer. "Gary's background and extensive knowledge of Strouds' operations and functional structure made him an ideal candidate," said Robert Menar, chief operating officer of Strouds, which operates 65 stores in five states. * El Segundo-based Computer Sciences Corp. has named Carol Bothwell as chief knowledge officer.
BUSINESS
December 7, 2000
* Larry D. Layne, Sanwa Bank California vice chairman and head of Sanwa's commercial banking group, will retire Dec. 31. He will be succeeded by Jeffrey P. Anderson, a senior executive vice president in the commercial banking group. * Los Angeles-based FoodMarketplace.com has named Patrick Yount president of its SurplusFoods division, a business-to-business company that helps suppliers liquidate excess inventory. Yount is former chief executive of Good Source Solutions. * Honeywell Corp.
BUSINESS
September 8, 2000 | JAMES F. PELTZ, TIMES STAFF WRITER
Starkly underlining the tough conditions for small specialty retailers, linen supplier Strouds Inc. filed for bankruptcy court protection Thursday and Restoration Hardware Inc., a peddler of decorative and quirky home furnishings that's also losing money, said it's seeking more credit and exploring other strategic moves. Strouds, based in Industry, runs 70 stores, most in California, but the chain said it plans to close nine stores as part of its reorganization under Chapter 11 of U.S.
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