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Furniture Retailer Files Chapter 11 to Sell Assets Amid Economic Distress
ByAinvest
Tuesday, Sep 2, 2025 7:40 pm ET1min read
Walker Edison Furniture Company has filed for Chapter 11 bankruptcy to sell its assets to stalking-horse bidder Twin-Star International Inc. for $20 million. The company, which competes with brick-and-mortar furniture retailers like IKEA and Ashley Furniture, faces competition from online furniture retailers and economic distress due to a slowdown in the real estate market. Walker Edison's largest unsecured creditors include Kenco Logistic Services LLC, Fortune Bonus Wooden Limited, and attorneys Gibson Dunn & Crutcher LLP.
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