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Sunbelt Nursery Group Inc

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BUSINESS
April 16, 1998 | Dallas Morning News
Sunbelt Nursery Group Inc. will close its 60-store chain as part of a liquidation plan. A federal bankruptcy judge approved the retail nursery chain's request to convert its Chapter 11 reorganization to a Chapter 7 liquidation last week. The company still is negotiating with a buyer for 20 of its Texas stores, although if an agreement can't be reached, the company plans to close those as well.
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BUSINESS
April 16, 1998 | Dallas Morning News
Sunbelt Nursery Group Inc. will close its 60-store chain as part of a liquidation plan. A federal bankruptcy judge approved the retail nursery chain's request to convert its Chapter 11 reorganization to a Chapter 7 liquidation last week. The company still is negotiating with a buyer for 20 of its Texas stores, although if an agreement can't be reached, the company plans to close those as well.
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BUSINESS
February 19, 1998
Sunbelt Nursery Group Inc.: The San Juan Capistrano operator of 60 retail nursery stores posted a net loss of $1.8 million, or 21 cents a share, for the second fiscal quarter, compared with a net loss of $2.1 million, or 24 cents a share, for the like period last year. Sales for the quarter ended Dec. 28 declined 30% to $16.4 million from $23.4 million. Same-store sales for the latest second quarter fell 15%, the company said. For the first half, the company said it lost $4.
BUSINESS
April 3, 1998 | From Times Staff and Wire Reports
In default on a $5-million loan, money-losing Sunbelt Nursery Group Inc. said Thursday that it has filed a bankruptcy petition to protect itself from creditors while it tries to reorganize its debts. The company, which has 60 retail outlets in California, Texas and Arizona, said it will continue to operate under Chapter 11 of the federal bankruptcy code while it reorganizes.
BUSINESS
April 3, 1998 | From Times Staff and Wire Reports
In default on a $5-million loan, money-losing Sunbelt Nursery Group Inc. said Thursday that it has filed a bankruptcy petition to protect itself from creditors while it tries to reorganize its debts. The company, which has 60 retail outlets in California, Texas and Arizona, said it will continue to operate under Chapter 11 of the federal bankruptcy code while it reorganizes.
BUSINESS
September 16, 1992 | JOHN O'DELL, TIMES STAFF WRITER
A large Texas-based nursery company said Tuesday that it has acquired the 60-acre Capistrano Wholesale Nursery and its 130,000-square-foot Capistrano Gardens retail nursery store here. Terms of the deal were not disclosed. Officials of Sunbelt Nursery Group Inc., a Ft. Worth holding company that also owns the Nurseryland retail chain, did say, however, that they expect the acquisition to increase annual sales by as much as $8.4 million.
BUSINESS
February 28, 1998 | JAMES S. GRANELLI, TIMES STAFF WRITER
Sunbelt Nursery Group Inc., an operator of 60 retail nursery outlets in California, Texas and Arizona, said Friday that it has defaulted on a $5-million loan that it obtained just 2 1/2 months ago. Sunbelt also said that Thomas Hoekstra quit as its chief financial officer after fewer than five months on the job. He was replaced by Craig Koehler, formerly chief financial officer of Thrifty Oil Co.
BUSINESS
February 28, 1998 | JAMES S. GRANELLI, TIMES STAFF WRITER
Sunbelt Nursery Group Inc., an operator of 60 retail nursery outlets in California, Texas and Arizona, said Friday that it has defaulted on a $5-million loan that it obtained just 2 1/2 months ago. Sunbelt also said that Thomas Hoekstra quit as its chief financial officer after fewer than five months on the job. He was replaced by Craig Koehler, formerly chief financial officer of Thrifty Oil Co.
BUSINESS
February 19, 1998
Sunbelt Nursery Group Inc.: The San Juan Capistrano operator of 60 retail nursery stores posted a net loss of $1.8 million, or 21 cents a share, for the second fiscal quarter, compared with a net loss of $2.1 million, or 24 cents a share, for the like period last year. Sales for the quarter ended Dec. 28 declined 30% to $16.4 million from $23.4 million. Same-store sales for the latest second quarter fell 15%, the company said. For the first half, the company said it lost $4.
BUSINESS
September 16, 1992 | JOHN O'DELL, TIMES STAFF WRITER
A large Texas-based nursery company said Tuesday that it has acquired the 60-acre Capistrano Wholesale Nursery and its 130,000-square-foot Capistrano Gardens retail nursery store here. Terms of the deal were not disclosed. Officials of Sunbelt Nursery Group Inc., a Ft. Worth holding company that also owns the Nurseryland retail chain, did say, however, that they expect the acquisition to increase annual sales by as much as $8.4 million.
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