Home alone
Private equity sponsor Hellman & Friedman’s home decor and furnishings retailer portfolio company At Home Group Inc. filed for chapter 11 bankruptcy protection.
Founded in 1979 as Garden Ridge Pottery, At Home operates 260 large-format retail stores in 40 states. This is the company’s second chapter 11 bankruptcy filing (2004) with the retailer also experiencing two separate stints as a publicly traded company (IPOs in the mid 1990’s and in 2016).
AEA Investors acquired the company (and its less than 60 stores at the time) in 2011. At Home reached 100 stores in 2016. Just three years later (2019), the business opened store number 200.
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