Through its DirectBuy Home Improvement affiliate, the home furnishings buying club, backed by KKR Credit Advisors, was the winning bidder at a May auction, paying $20.3 million for the Gardena, Calif.-based retailer’s headquarters and at least 32 stores.
DirectBuy, which acquired Z Gallerie assets through a bankruptcy auction this past month, will continue to operate the Top 100 company as a stand-alone business but sees an opportunity to promote its owns products and services at the brick-and-mortar stores, too.
