Per our previous reports, the stalking horse bid from liquidators Hilco and Gordon Brothers has prevailed, and it appears that no other offers were made at Wednesday’s scheduled auction. While the plan requires final acceptance by the Bankruptcy Court on Friday, complete documents for a “notice of successful bidder and agency agreement” were filed last night. Once approved, the liquidation sale will begin immediately, and continue through October 31 at the latest, with all Hastings stores to be closed. (Locations can be closed earlier than that on a store-by-store basis, with seven days notice to the employees.) As we indicated […]
