The troubled 60-year-old electronics chain tried its best to survive bankruptcy, but to no avail; now, it will liquidate its merchandise and close all 567 remaining stores.Bloomberg reports that Circuit City Stores Inc. has hired a quartet of liquidators to sell off its existing merchandise, pending a green light from the courts. If everything goes [...]
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Circuit City Still In Talks Over Potential Sale
January 15th, 2009 |
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ATLANTA (Reuters) – Circuit City Stores <CCTYQ.PK> concluded the first day of an auction and said it was still in talks with bidders regarding a potential sale of the company or certain assets.
Lawyer Ian Fredericks of Skadden Arps Slate Meagher & Flom LLP. which represents Circuit City, made the announcement on a conference call to [...]