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Hancock Fabrics Bidder Determined

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Hancock Fabrics filed with the U.S. Bankruptcy Court a notice of successful bidder with respect to its sale motion. The notice states, “the Debtors, in consultation with the Committee and counsel to the Secured Lenders, have determined that the Successful Bidder3 with respect to the Purchased Assets is: Great American Group, LLC.”

The notice continues, “The Secondary Bidder with respect to the Purchased Assets is: a contractual joint venture comprised of Hilco Merchant Resources, LLC and Gordon Brothers Retail Partners, LLC. 5. The Debtors will seek approval from the Bankruptcy Court of the Sale at the Sale Hearing, which is scheduled to commence on March 31, 2016.”

Read more Hancock Fabrics bankruptcy news.

The post Hancock Fabrics Bidder Determined appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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