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Aug. 7, 2018
 gump's
Gump’s Files for Bankruptcy

The retailer has $61 million in assets and $64 million in liabilities, according to published reports

August 6, 2018, Allison Zisko
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LAS VEGAS—Gump’s, after looking for strategic alternatives to stay afloat, filed for Chapter 11 bankruptcy protection in Nevada Bankruptcy Court here on Friday night.

The San Francisco-based luxury department store is looking for a buyer, according to a report in SFGate, and plans to liquidate merchandise to pay off lenders, with Hilco Merchant Resources and Gordon Brothers handling sales.

The company and its affiliates have $61 million in assets and $64 million in liabilities, according to published reports. It operates one store and a catalog.

Read the full article:
http://www.hfndigital.com/news/gumps-files-bankruptcy/

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San Francisco Chronicle article:
https://www.sfchronicle.com/business/article/Gump-s-a-157-year-old-SF-retailer-files-for-13132369.php

Tags: gump's, bankruptcy
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