Sur La Table Closes After Filing for Bankruptcy
Photos: John Palminteri
By edhat staff
Sur La Table at 821 State Street is going out of business after the chain store files for bankruptcy.
The luxury kitchen goods retailer based in Seattle filed for Chapter 11 bankruptcy protection on Wednesday and announced plans to close 51 of its 121 stores, including the Santa Barbara location.
Fortress Investment Group will purchase approximately 70 of the stores with plans to continue on with its successful retail stores, in-person and online cooking classes, and eCommerce business.
“This sale process will result in a revitalized Sur La Table, positioned to thrive in a post COVID-19 retail environment. Sur La Table will have a balance sheet and retail footprint optimized to position the Company for a bright future that continues our nearly 50-year tradition of offering high-quality cooking products and experiences to our customers," said Jason Goldberger, CEO of Sur La Table in a press release.
The Santa Barbara location is currently offering 10-30% off all items. The store is expected to remain open until at least August 7, 2020.