GigaCloud Technology announced that it has entered into a definitive agreement as the stalking horse bidder to acquire substantially all of the assets of Noble House Home Furnishings, LLC and certain of its affiliates for $85M in connection with Noble House’s Chapter 11 bankruptcy proceedings. Noble House is a leading distributor, manufacturer and retailer of an extensive selection of indoor and outdoor home furnishings. Noble House sells its portfolio of products through a diverse set of third-party channels, with leading positions at major retailers.
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Read More on GCT:
- GigaCloud to Participate and Present Virtually at the Sidoti September Small Cap Virtual Conference on September 20, 2023
- GigaCloud Technology Inc Enters Into Definitive “Stalking Horse” Agreement to Purchase the Assets of Noble House Home Furnishings
- GigaCloud price target raised to $16 from $13 at Roth MKM
- GigaCloud Technology Inc Announces Second Quarter and First Half 2023 Financial Results, Including Second Consecutive Quarter of Record Profitability
- GCT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
