At Home Names New CEO Amid Bankruptcy Plans

At Home Group Inc., a Texas-based home decor retailer owned by Hellman & Friedman, is preparing to file for Chapter 11 bankruptcy protection in the coming weeks due to severe cash flow issues. The company missed its May 15 interest payment and entered a forbearance agreement with lenders on May 23, providing relief until June 30 as it seeks to restructure its debt. At Home operates 266 stores across 40 states and faces financial pressures from U.S. tariffs, trade policy uncertainty, rising costs, and growing online competition. The company has about $17.3 million available under its asset-based lending facility, with both its term loan and bonds trading at distressed levels. To address tariff impacts, At Home is seeking new overseas suppliers. Brad Weston, former CEO of Party City, has been appointed as the retailer's new chief executive effective June 3.