Galaxy Brand Holdings has purchased the Linens 'N Things assets from Gordon Borthers and Hilco. The Carlyle Group recently acquired a majority interest in Galaxy Brand Holdings.
Linens 'N Things was a major retailer of home goods with 571 stores before filing bankruptcy in 2008. The assets of Linens 'N Things were acquired
in 2009 by Gordon Brothers, Hilco and other partners. A Linens 'N Things website has continued running at lnt.com
, but no bricks-and-mortar stores have returned. Chain Store Age reports
that the acquisition by Galaxy Brand Holdings could result in the return of a physical retail component from the home brand. A Wall Street Journal article
says this may be more a store-within-a-store concept than standalone Linens 'N Things stores.
Abe M. Hidary, vice president of corporate development at Galaxy Brand Holdings, said in a press release, "Linens 'N Things enjoys a rich history of providing consumers with a broad assortment of high-quality, value-priced home products. We plan to leverage this heritage to connect with consumers by offering Linens 'N Things branded products, and by re-establishing the brand as a premier home destination both in-store and online."