Three of Pirch's landlords have filed eviction notices since December and one supplier sued for breach of contract.
Pirch, the kitchen and bath merchant based in San Diego County that halted operations last week, has been sued by several parties alleging the luxury retailer owes more than $5 million in unpaid rent and inventory. In court filings this week, two landlords said Pirch owed almost $850,000 in back rent — at its Oceanside distribution center, and its airy Westfield UTC showroom, where it failed to keep up on its rent of almost $100,000 a month.
The lawsuit and eviction filings allege that Pirch stopped making payments and wasn’t transparent about its finances. According to the Sub-Zero complaint, around Jan. 20 Pirch defaulted on its credit agreement when it failed to pay for delivered inventory totaling $4.22 million. That figure doesn’t include a 1.5 percent monthly interest rate, late charges and other fees. The complaint includes Pirch’s 2019 application for credit and named its corporate parent, private equity company L.
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