Retail store chain Sundance preparing for its final days, concluding operations with closing sale events
Sundance Holdings Group Announces Closing Sale as it Files for Bankruptcy
In a surprising turn of events, Sundance Holdings Group, the iconic retail company headquartered in Salt Lake City, has announced that it is undergoing a closing sale where everything must go. The company, which began as a catalog in 1989 following Robert Redford's purchase of land in Sundance, Utah, and the founding of Sundance Village, has been a staple in the American retail landscape for over three decades.
The exact date of the company's closure has not been specified, but a Worker Adjustment and Retraining Notification for 63 employees was issued on Sept. 21. As of Sunday, most Sundance stores have been closed. As of late August, Sundance Holdings Group had 16 locations.
Creditors have filed an involuntary Chapter 7 petition against Sundance Holdings Group, collectively owed over $2.5 million. The search results do not provide information about the owners of the current majority stake in the company before its insolvency. However, it is known that a private equity firm, Brentwood Associates, acquired a majority stake in 2012, with ACI Capital and Webster retaining a minority ownership stake alongside Brentwood Associates.
Sundance Holdings Group has expressed its gratitude to its customers on its website, and the company previously announced the closure of most of its stores. The General Store at the base of Sundance Village continues to offer a well-curated collection of clothing, jewelry, and gifts, featuring items with a heritage in the American West, blending Native American and other western crafts with items from native cultures around the world.
Some products in the closing sale are more than 90% off, making it an ideal time for customers to pick up some unique pieces at a fraction of their original price. The Sundance retail venture is winding down, but the legacy of the brand and its commitment to promoting and preserving the arts and crafts of the American West will undoubtedly live on.
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