Pool retailer files for bankruptcy
Leslie's Inc., a leading pool and spa care retailer, has filed for voluntary Chapter 11 bankruptcy to facilitate a restructuring plan aimed at improving its financial position. The company plans to close 76 stores, continue operations through its remaining outlets and digital channels, and secure $150 million in financing, including $90 million in DIP funding. The restructuring seeks to reduce approximately 90% of its debt and is expected to conclude with the company emerging from bankruptcy in early 2027.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)