Sundry Photography/Shutterstock<\/p>\n<\/figcaption><\/figure>\n D&D Venture Group Inc., operator of the Chase Ace Hardware chain and Sprig Home & Garden stores in Northern California, filed for Chapter 11 bankruptcy to reorganize its businesses, according to court papers.<\/p>\n The Greenbrae, Calif.-based Ace Hardware and home and garden store operator filed its Subchapter V petition, No. 26-30496, in the U.S. Bankruptcy Court for the Northern District of California in San Francisco on June 4, listing $1 million to $10 million in assets and liabilities.<\/p>\n The debtor did not state a specific reason for filing for bankruptcy in its petition.<\/p>\n D&D Venture’s largest creditors include Fremont Bank, owed over $1.05 million; SCG Marina Bay Business Center, owed over $383,000; Internal Revenue Service, owed $184,000; Bankers Healthcare Group, owed over $177,000; California Employment Development Department, owed over $130,000, and Wells Fargo SBL, owed over $97,000.<\/p>\n The debtor operates Chase Ace Hardware stores in San Rafael, Santa Rosa, and Pacifica, Calif., as well as Sprig Home & Garden stores in Santa Rosa and San Rafael.<\/p>\n Chase Ace Hardware carries top name brand hardware products such as Craftsman, DeWalt, Toro, Weber grills, and Benjamin Moore Paints.<\/p>\n Sprig, founded in 2016 by three friends, carries California-style home decor and accessories, as well as plants, candles, paper products, books, style, jewelry, wellness goods, bath and lotions products, and a kids section with baby clothes, plushies, games, and retro toys.<\/p>\n Other hardware chains have struggled against the big-box giants as well, including major home improvement chain, Wren Kitchens, which operated stores and had showrooms in Home Depot stores under a strategic partnership.<\/p>\n Wren Kitchens filed for Chapter 7 bankruptcy liquidation on April 24, 2026, according to Bankruptcy Observer, and abruptly closed its 15 brick-and-mortar retail stores on the East Coast.<\/p>\n The U.K.-based home improvement retailer\u2019s parent,\u00a0Wren US Holdings Inc., posted a message on its website announcing the closing.<\/p>\n \u201cWe regret to inform you that our showrooms and studios are now closed. If you require assistance, please click button and complete the form,\u201d the message said. The message included a green \u201cClick for form\u201d button for customers to use.<\/p>\n South Florida home improvement retailer Home Value Store, which operates three locations in Fort Lauderdale, Fla., Hialeah, Fla., and Bartow, Fla., also filed for bankruptcy more recently.<\/p>\n Home Value Store\u00a0filed for\u00a0Chapter 11 bankruptcy\u00a0protection in the U.S. Bankruptcy Court for the Southern District of Florida on June 2, facing legal claims from creditors, according to\u00a0PacerMonitor.<\/p>\n Home Value Store did not state a specific reason for filing for bankruptcy in its petition.<\/p>\n The Hialeah, Fla.-based retail chain specializes in providing functional hardware, laminate flooring, kitchen, bath, and furniture accessories, decorative finishes, moldings, high-tech surfaces, wood coatings and finishes, and acrylic panels.<\/p>\n Related: Popular seafood chain franchisee files Chapter 7 bankruptcy<\/strong><\/p>\n #Home #Depot #hardware #rival #files #Chapter #bankruptcy<\/p>\n","protected":false},"excerpt":{"rendered":" A challenging housing market and consumers\u2019 reluctance to spend on renovation projects have impacted the hardware and home improvement retail sector, affecting giant retailers like Home Depot and Lowe’s, as… <\/p>\n","protected":false},"author":1,"featured_media":5926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[246],"tags":[1020,1019,1988,1018,3818,232,1382],"class_list":["post-5925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-popular","tag-bankruptcy","tag-chapter","tag-depot","tag-files","tag-hardware","tag-home","tag-rival"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/5925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5925"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/5925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/5926"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.thestreet.com\/.image\/MTcyMjcyMzc3MzQwNjM0MzI0\/16-ace-hardware-sundry-photography--shutterstock.jpg?profile=rss\")
Chase Ace Hardware files for bankruptcy<\/h2>\n
Debtor operates Sprig Home & Garden<\/h2>\n
Wren Kitchens filed bankruptcy and closed<\/h2>\n
Home Value Store files for Chapter 11<\/h2>\n