Luxury Appliance Retailer Pirch Declares Bankruptcy, Shuts Down All Locations

Upscale appliance brand Pirch has filed for Chapter 7 bankruptcy, marking the end of its business operations. The company’s six furniture showrooms in California, which initially closed temporarily in March due to the COVID-19 pandemic, will now remain shut permanently. Pirch’s assets, estimated to be between $10 million and $50 million, will be liquidated to repay creditors, while its debts total between $100 million and $500 million.

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