Dive Brief:
- Sundance Holdings Group, previously known as Sundance Living, is in its “final days” and undergoing a closing sale where “everything must go.” All products are currently on sale, with some more than 90% off.
- Creditors recently filed an involuntary Chapter 7 petition against Sundance Holdings Group in the U.S. Bankruptcy Court of Delaware. Five petitioners said they are collectively owed over $2.5 million.
- Sundance Holdings issued a Worker Adjustment and Retraining Notification in Utah for 63 employees for Sept. 21. The company is headquartered in Salt Lake City.
Dive Insight:
The Sundance retail venture is winding down.
Most Sundance stores were closed as of Sunday, the company previously announced on its website. As of late August, the company had 16 locations.
Sundance Holdings Group’s assets were transferred to Corbin Liquidation in July.
The company began as a catalog as an outgrowth of Robert Redford purchasing land in Sundance, Utah, and founding Sundance Village. The first catalog launched in the fall of 1989.
“At the base of Sundance Village is the General Store, offering guests a well-curated collection of clothing, jewelry and gifts, items with a heritage in the American West, blending the art of Native Americans and other western craftspeople with examples from other native cultures around the world,” the company said.
Private equity firm Brentwood Associates acquired a majority stake in Sundance Holdings Group in 2012. ACI Capital and Webster retained a minority ownership stake in the company.
“We are grateful for the support of our customers over the years,” the company said on its website.