Goody's Family Clothing Has Been Sold

Sun Capital Partners, a private-investment firm out of south Florida, is buying the Knoxville-based chain for $273 million.

Goody's operates 368 stores in 20 states with 11,000 employees. Its Panama City store is located on West 23rd Street.

The company went over $1 billion in revenue last year, but this year's hurricanes have taken a toll, forcing Goody's to close six stores.

There’s no word on when the deal will be complete, and Sun Capital hasn't said what it plans to do with the clothing chain.

8195 Front Beach Road Panama City Beach, FL 32407 Station: 850-234-7777 News: 850-230-5221 Fax: 850-233-6647
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