The DCH is now owned by three as-yet-unnamed investors in a limited partnership, and Cohen’s design center portfolio is down to two buildings, in New York and Los Angeles.
A lawsuit filed last month, which seeks to recover payments made during the 90 days before the company filed for bankruptcy, names a number of top furniture brands as defendants.
Embattled design center owner Charles Cohen is back in the headlines, disputing an allegation by his lender that he is illegally shielding his assets to avoid paying down an $187 million debt.
A public filing indicates that Charles Cohen’s Texas design center will be sold at auction on July 1, unless the billionaire landlord can strike a deal with his lender.
The company formerly known as Lumber Liquidators is courting white knight bidders for a takeover, and will wind down by late August if no one makes a move.
The home furnishings e-tailer continues to take orders despite the weight of a serious lawsuit and a slew of angry customers. Meanwhile, founder Erin Burke has filed for bankruptcy.