#ZGALLERY WHICH STORES CLOSING CODE#

On July 1, 2019, it was announced that DirectBuy acquired Z Gallerie's assets through a bankruptcy auction for $20.3 million.

#ZGALLERY WHICH STORES CLOSING CODE#

Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. On March 11, 2019, Z Gallerie announced that it has filed voluntary petitions to restructure under Chapter 11 of the U.S. On October 14, 2014, it was announced that Brentwood Associates Private Equity V LP acquired a majority stake in the retailer. On October 27, 2009, the retailer announced they had emerged from Chapter 11 bankruptcy with a $22 million financing package from Wells Fargo Business Credit. On April 10, 2009, the 54-store chain filed for Chapter 11 bankruptcy. In June 1983 they combined their two stores under one roof and opened its first combination store, which included art, home furnishing and home accessories in San Francisco, California. In 1982, the company diversified into home furnishings with the opening of its 'Metro Dezign' store in Santa Monica, California. Their vision was to create a collection of fashion-forward and exclusive home furnishings, art and accessories at an affordable price. They began to conceptualize stores that carried more than just poster art. They moved their production poster company out of their childhood home and into an actual warehouse and before long, the young siblings had a number of locations across Los Angeles, California. Together, they operated the store during the day and framed posters at night in their parents garage in Van Nuys, California. In 1979, three siblings, Joe Zeiden, Carole Malfatti and Mike Zeiden opened a small poster shop in Sherman Oaks, California. Z Gallerie is headquartered in Los Angeles, California with an additional buying office in Berkeley, California.Īs of July 2019, the company is owned by DirectBuy.

The retailer was acquired by Brentwood Associates Private Equity V LP in 2014. The operation began as a small poster shop and started opening combined retail locations in 1982. Z Gallerie is an American chain of home furnishing, art and decor retail stores founded by siblings Joe Zeiden, Mike Zeiden, and Carole Malfatti in Sherman Oaks, California in 1979.

Brentwood Associates Private Equity V LP (2014–2019) DirectBuy (2019–present)

Zgallery which stores closing