Pier 1 hires debt restructuring expert as CEO

Struggling retail chain Pier 1 Imports Inc. has hired a bankruptcy veteran to serve as its new chief executive. The Fort Worth, Texas-based home furnishings retailer said Monday it named Chief Financial Officer Robert Riesbeck to lead the company. Mr. Riesbeck, a retail veteran with an accounting background, previously led FullBeauty Brands Inc.

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