Home goods retailer Anna's Linens Inc. has hired restructuring advisers and is planning to file for bankruptcy in the coming weeks, Dow Jones Daily Bankruptcy Review reported today. The California-based retailer of bed linens and towels is in the process of selecting a lead bidder for some or all its stores in a court-supervised auction, though it's possible that at least some of the stores will be liquidated. The company has hired the law firm Levene, Neale, Bender, Yoo & Brill LLP to assist in preparing the filing. Anna's Linens operates more than 300 stores with some 3,200 employees. Read more.
