Linens N' Things
Linens N' Things

Linens 'n Things' bankruptcy stemmed from the toxic mix of a $1.3 billion buyout by private equity firm Apollo Management, which heaped debt onto the firm, along with the credit crunch. Linens `n Things filed for bankruptcy protection in May 2008, and by the end of that year, the company opted to liquidate its stores.

The "brand name" was sold to Hilco Consumer Capital and Gordon Brothers for just $1 million in January 2009. Since then, the brand has largely lived on through the website, where customers can still buy their favorite Linens 'n Things products.

By Maureen Farrell @CNNMoneyInvest - Last updated January 21 2012: 2:52 PM ET
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