Mass. — Christmas Tree Shops is preparing to file for bankruptcy, our sister station Boston25 reports.
The Middleborough, Mass.-based line of home decor stores is prepared to formally file for bankruptcy as early as this weekend, according to the Wall Street Journal.
>>> STREAM ACTION NEWS JAX LIVE <<<
Christmas Tree Shops, which has over 80 locations in 20 states, including one in Jacksonville, has hired a Boston-based law firm to prepare for the Chapter 11 filing.
The first store location was opened in 1970 in Yarmouth Port on Cape Cod. Over the ensuing decades, the brand expanded across the United States.
Bed Bath and Beyond owned and operated the stores from 2003 to 2020 before selling all the locations to Middleborough-based Handil Holdings.
[DOWNLOAD: Free Action News Jax app for alerts as news breaks]
[SIGN UP: Action News Jax Daily Headlines Newsletter]
Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
