> They own their San Jose property¹ through an affiliate company.
Ah! That probably explains it.
Any residual money can be drained into the affiliate companies before filing bankruptcy so that there is nothing left in "Fry's".
Ah! That probably explains it.
Any residual money can be drained into the affiliate companies before filing bankruptcy so that there is nothing left in "Fry's".
A quick search gives some mixed results. They own their San Jose property¹ through an affiliate company. This affiliate doesn't appear to own any other Fry's property though². Conversely, the Palo Alto location was closed when the lease ran out³.
¹https://www.mercurynews.com/2020/01/10/industrial-mega-devel...
²https://www.corporationwiki.com/California/Menlo-Park/caraco...
³https://www.mercurynews.com/2019/08/29/frys-to-close-its-pal...