Dallas — Tuesday Morning Corp., an off-price retailer of home goods and décor, is pursuing a financial and operational reorganization by filing voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division. Invictus Global Management, LLC (together with its affiliates, “Invictus”) will provide $51.5 million of debtor-in-possession (DIP) financing to support ongoing operations during the proceedings. “After considering how best to address Tuesday Morning’s exceedingly burdensome debt, we have determined that the best path …
Tuesday Morning Corporation
Dallas — Tuesday Morning, a leading off-price retailer of home goods and décor, has named Fred Hand as its new chief executive officer and a member of the board of directors, effective May 17, 2021. Hand is one of the most experienced and well respected off-price retail executives, most recently serving as chief operating officer of Burlington Stores, Inc. “We are confident Fred is the ideal choice to lead Tuesday Morning’s future growth,” says Sherry Smith, chairperson of the board. “Fred is an exceptional retailer with outstanding operating, merchandising and …