March 8 General Wireless Operations Inc, which
acquired the RadioShack brand in 2015, said on Wednesday it has
filed for bankruptcy protection.
General Wireless, an affiliate of hedge fund Standard
General LP, filed for a Chapter 11 reorganization and listed
assets and liabilities in the range of 100 million to 500
million in the U.S. bankruptcy court for the Delaware district,
the company said in a court filing.
RadioShack, which was founded in 1921 and was once a go-to
retailer for electronics before becoming increasingly irrelevant
in the digital age, went bankrupt in 2015.
(Reporting by Subrat Patnaik in Bengaluru and Lauren Hirsch in
New York; Editing by Sandra Maler)