Z Gallerie emerges from bankruptcy, completes capitalization
Gardena, Calif. Home furnishings and accessories retailer Z Gallerie said late Tuesday it has emerged from Chapter 11 bankruptcy and completed its recapitalization in less than six months.
The company also said it has reached an agreement with Wells Fargo Business Credit on a $22 million exit financing package.
“We are pleased to have obtained support from our major constituencies and to have completed the process so quickly,” said Mike Zeiden, CFO and co-founder. “The reorganization allowed us to achieve a recapitalization of our balance sheet that results in a stronger financial foundation. Combined with the rightsizing Z Gallerie accomplished before the filing, we are in an excellent position to meet the challenges and opportunities that lie ahead of us.
The retailer’s reorganization plan received unanimous approval by vendors.
PetSmart presents holiday gift list and deals
PHOENIX, Ariz. PetSmart announces its holiday gift list for their pets for this holiday season.
Homeless pets can also benefit this holiday season with Luv-A-Pet “Chance.” Chance is an overstuffed dog toy and collectable this season available for only $5. Ten% of the overall proceeds from Chance sales will go to PetSmart Charities, which has saved the lives of more than 3.6 million homeless pets.
Some items on this year’s gift list are toys and treats sold exclusively at PetSmart include: Safari Christmas animal print and jungle character toys, “Naughty” or “Nice” novelty tees, large 24″ knotted bone or the chicken-wrapped rawhide treat, squeaker mats and a large Heated Wellness Bed.
This holiday season, PetSmart are offering customers additional savings with seven consecutive weeks of discounted gifts, with a special sale on Black Friday that features hundreds of items up to 50% off.
Deals and discounts can be found at local PetSmart locations during limited-time sales on: Nov. 6-8, Nov. 13-15, Nov. 20-22, Dec. 4-6, Dec. 11-13 and Dec. 18-25.
Azek hires former OC exec
Azek Building Products, a manufacturer of PVC decking, molding and trim, has hired Rick Corry as its new VP sales. Corry will be responsible for planning and directing sales strategies and brand building for the Scranton, Pa., firm. He will oversee Azek’s regional sales managers, the VP retail sales, the key account manager and the customer service manager.
Corry worked for Owens Corning for 18 years, where he started as a field sales rep and ultimately became national director of sales. He then went on to become CEO of BuildLinks, a construction management software company.
Most recently, Corry was general manager of the Center for Creative Leadership in Greensboro, N.C., a leadership training company.
“I’m looking forward to bringing my sales and two-step distribution experience to Azek Building Products,” said Corry. “I also plan to tap into my work force performance background to help the sales force maximize their strengths and continue to support our channel partners.”