SB360, Hilco Global, and Gordon Brothers Approved to Operate Going Out of Business Sales at All Remaining Value City Furniture and American Signature Furniture Stores
Going Out of Business discounts of 25–50% Off the Entire Inventory While Merchandise Lasts
BOSTON, Jan. 9, 2026 /PRNewswire/ -- A joint venture of SB360 Capital Partners, Hilco Global, and Gordon Brothers has received bankruptcy court approval to operate Going Out of Business (GOB) sales in all 89 remaining American Signature Inc. ("ASI" or the "Company") stores. ASI is one of the nation's leading home furnishings retailers, and is the parent company of Value City Furniture ("VCF") and American Signature Furniture ("ASF"). ASI filed petitions for a voluntary Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware in November of 2025.
Stores owned by Ohio-based ASI have been a furniture shopping destination for nearly eight decades. Since its founding and subsequent expansion into many states, communities across the eastern half of the country found furniture they could rely on for style, quality, and value.
The Going Out of Business sales start today in Value City Furniture's 79 stores across 13 states, and American Signature's 10 stores located in Delaware and Florida. Shoppers will find discounts of up to 50% off original prices on a wide selection of home furnishings, including living room, dining room, and bedroom collections, as well as decor, lighting, mattresses, and rugs.
The Company's five previously announced closing stores in Tennessee and North Carolina have been offering storewide discounts during a Store Closing sale. Those five locations, four ASFs in Nashville and one VCF in Charlotte, will continue with deeper discounts as they wrap up sales over the next few weeks.
"A sale of this magnitude will bring never-before-seen values to a broad selection of top-quality furniture already offered at truly affordable prices," said SB360 President Aaron Miller, on behalf of the joint venture. "We encourage everyone to shop early during this limited-time event while selection is at its best. The compelling liquidation discounts on stylish furniture for every room of the home will make this a short sale in these stores."
To find one of ASI's Going Out of Business Sale locations, please visit the ASF and VCF Store Locator.
About SB360 Capital Partners – SB360 Capital Partners (sb360.com) is one of North America's leading firms providing advisory, asset realization, and restructuring services across retail and consumer industries. SB360 invests equity capital to support growth opportunities, fund business turnarounds, and provide liquidity to businesses navigating change. The firm encompasses business groups involved in advisory services, asset disposition, luxury diamond and jewelry assets, new store sets, and commercial real estate advisory and investment. SB360's lending arm, Second Avenue Capital Partners, provides asset-based loans for middle-market companies. SB360's principals hold extensive financial interests in internationally recognized retail and wholesale companies, consumer brands, financial service operations, and commercial, residential and industrial real estate properties.
About Hilco Global – Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, brand and intellectual property sectors, and more. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com.
About Gordon Brothers – Since 1903, Gordon Brothers (www.gordonbrothers.com) has maximized liquidity through realizable asset value by providing the people, expertise and capital to solve business challenges. Our solutions-oriented approach across asset services, lending, financing and trading gives clients the insights, strategies and time to optimize asset values throughout the business cycle. We work across the full spectrum of assets globally with deep expertise in retail, commercial, industrial, brands and real estate. We are headquartered in Boston with over 30 offices across North America, Europe, the Middle East and Africa, and Asia Pacific.
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SOURCE SB360 Capital Partners LLC