Handy Andy Home Improvement Center
- Handy Andy Home Improvement Center
Infobox_Company
company_name = Handy Andy Home Improvement Centers, Inc.
company_
company_type = Hardware store
foundation = circa 1980
location = Schaumburg, Illinois
key_people = Richard George, President
industry = Retail
products = Lumber, tools, hardware, garden supplies & plants
homepage = None
Handy Andy Home Improvement Centers was a Midwestern chain of big box home improvement centers led by president Richard George and headquartered in Schaumburg, Illinois. The stores operated in Illinois, Indiana, Michigan, Missouri, Ohio, Tennessee, and Wisconsin. The stores were highly visible and well known for their very large vertical stripes of brown and white that would typically cover the entire building. In 1987, Handy Andy acquired the Forest City lumber chain with stores in Ohio, Michigan, and Illinois from Forest City Enterprises.
Bankruptcy
Handy Andy declared bankruptcy on October 17, 1995, due to creditor pressures, which led to the closure of about 20 of its stores. At that time, Handy Andy had over $120 million in debt and was planning to reorganize into hardware supermarkets. In early 1996, however, creditors forced Handy Andy to liquidate its assets to repay its outstanding debts. On January 25, 1996, Handy Andy announced it would be closing its remaining 54 stores, laying-off over 2,500 employees. By June 1996, Handy Andy Home Improvement Centers ceased to exist.
Resources
* [http://query.nytimes.com/gst/fullpage.html?res=9C07E6D61F39F935A15752C0A960958260 Company News; Handy Home Centers to Close Remaining Stores]
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