http://www.mediabiz.com/news/articles/?edit_id=11108
Inside The Dismantling of Circuit City 2/19/2009 @ 11:03 PM First came bankruptcy ... then liquidation ... now once mighty CE retailer Circuit City is selling the furniture, fixtures and equipment from its headquarters and distribution centers to pay down its debt. A bankruptcy court in Richmond, Va. approved the deal between Circuit City and Liquid Asset Partners earlier this week, clearing the way for the retailer to sell warehouse and office equipment from seven distribution centers, four service centers and two of its corporate office locations. Circuit City has also received approval to break its various store leases or auction off the locations to the highest bidder. Beyond the hard goods sale, the company this week also reportedly received an offer from liquidation firm Hilco Merchant Resources to buy the Circuit City brand name and web site for an undisclosed sum. Copyright © 2009 Media Business Corp (MBC) *********************************** * POST TO [email protected] * *********************************** Medianews mailing list [email protected] http://lists.etskywarn.net/mailman/listinfo/medianews
