After 83 years in business, distressed specialty retailer Mark Shale will close its three remaining Chicago stores because it can’t find a strategic partner.
The high-end retailer filed for Chapter 11 bankruptcy court protection in August in Chicago, representing its third tour of bankruptcy proceedings. At the time, all three stores stayed open as the firm tried to find a partner to help strengthen the business and keep it in operation. The previous filing was in March 2009, during which the eight-unit chain shuttered five stores. Its first bankruptcy was in November 1995.
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