Kitchen retailer Sur la Table sold for $89M [View all]
Kitchen goods retailer Sur La Table Inc. has been sold for nearly $89 million to a joint venture between e-commerce business CSC Generation and Marquee Brands LLC, the highest bidder at a bankruptcy auction.
A hearing to approve the sale of the Seattle-based retailer is scheduled for today in U.S. Bankruptcy Court in Trenton, New Jersey.
The new owners plan to keep at least 50 of the chain’s approximately 130 stores open, The Wall Street Journal reported.
The company filed for voluntary Chapter 11 bankruptcy in July and announced it had entered into a stalking-horse agreement with affiliates of Fortress Investment Group working in partnership with STORY3 Capital Partners.
https://www.bizjournals.com/seattle/news/2020/08/12/kitchen-retailer-sur-la-table-sold-for-89m.html
= new reply since forum marked as read