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GigaCloud enters ‘stalking horse’ pact to buy assets of Noble House for $85M

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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