Owner of RadioShack, Pier 1 in danger of bankruptcy filing: sources

Source: nypost.com nypost.com

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A flashy firm that has scooped up a slew of bankrupt retail brands including RadioShack, Pier 1 Imports and Modell’s Sporting Goods, is now in danger of filing for bankruptcy itself, The Post has learned. Miami-based Retail Ecommerce Ventures — whose CEO Tai Lopez is a self-help guru who lists Bill Gates and Mahatma Gandhi as inspirations and charges up to $1 million a year for “coaching and consulting expertise” — has spent $120 million to amass a portfolio of aging retail names that also include Dressbarn, Linens ‘N Things, Stein Mart and the Franklin Mint, according to a source...