Published On Oct 14, 2024, 3:04 PM
True Value, a wholesale hardware supplier, has filed for Chapter 11 bankruptcy and is planning to sell to competitor Do It Best by the end of the year. However, it's important to note that True Value's independently owned retail stores will continue to operate and receive supplies throughout the process.
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The bankruptcy filing indicates underlying issues within True Value's business model which may lead to further market instability in the hardware sector, negatively impacting related businesses.
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