>True Value, a 76-year-old hardware store headquartered in Chicago,
>revealed Monday it filed for bankruptcy and intends to sell
>substantially all of its business operations to a rival.
>
>The nationwide retailer, writing in a press release, explained it
>initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the
>District of Delaware. As proceedings play out, True Value will
>"continue its day-to-day operations" in serving its 4,500 stores.
>
>The locations aren't part of the bankruptcy filing as they are
>independently owned, with the exception of one company-owned store in
>suburban Palatine.
>
>Home improvement rival Do it Best Corp., based in Fort Wayne, Indiana,
>will acquire the majority of the company's assets.
>
>"True Value's sale process is the next step in a series of actions that
>the Company has taken in 2024 to better position the business and its
>iconic brand for the long term, including modernizing its legacy
>operations, driving greater efficiencies, and investing in additional
>marketing campaigns," the press release stated.
>
>The sale to Do it Best is projected to be finished by the end of 2024.
>
>"A successful acquisition of True Value assets would represent a
>strategic milestone for Do it Best and home improvement retailers
>around the world," said Dan Starr, Do it Best president & chief
>executive officer, said in the release. "Do it Best has a proven track
>record of driving profitability through the most efficient operations
>in the industry. This acquisition, if consummated, would provide True
>Value and independent hardware stores the strongest opportunities for
>growth for years to come."
>
>https://www.nbcchicago.com/news/local/longtime-chicago-based-hardware-
>chain-files-bankruptcy-announces-sale-to-rival/3573693/
>

Why didn't Trump do something? He's always ready to show up, take charge
and fix it and he's done it hundreds of times. He could have taken 6 hours
of his day and bingo, problem solved.