The young entrepreneurs behind an e-commerce venture, which was also the stalking horse bid for Pier 1 Imports' intellectual property and e-commerce business, had the winning bid of $31 million at this week's bankruptcy auction, edging out Sycamore Partners, a New York City-based private equity firm with a history of buying struggling retail businesses on the cheap.
E-Commerce Venture Tops Sycamore Partners Bid for Pier 1 Imports’ Brand
Retail Ecommerce Ventures to Buy Retailer's Brand in $31 Million Bid; Sycamore Partners Becomes Backup Bidder
CoStar News
July 11, 2020 | 1:35 P.M.
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