Stephens Group Puts Owner of Furniture Maker Into Bankruptcy

Private equity firm The Stephens Group put the holding company for its Mitchell Gold + Bob Williams brand into bankruptcy Thursday, just days after the luxury furniture outlet announced it was shutting down.

• SG-TMGC filed for bankruptcy protection from creditors owed as much as $50 million, according to court papers filed in Wilmington, Delaware
• Mitchell Gold was forced to cease operations after its lender withdrew support, according to a statement from the Stephens Group
• The Stephens Group put $20 million into Mitchell Gold recently to try to restructure the company, but the furniture maker was unable to continue without help ...