Bridge Giving Small Stores Big Websites
Are you a business? Join Chalkboard. Chalkboard helps us share news, products, and files more quickly.
Chalkboard is FREE for retailers, sales representatives, and brands.
Join Bridge

About Bridge

About Bridge

Bridge connects 1,000s of businesses in the retail industry with 1,000s of products.

Our News, Events, & What Inspires Us
from our Chalkboard
New York, New York

« Back to News & Events home page



Aug. 7
 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
......................................................

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/

......................................................
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
View
Share

This chalk was auto-posted to your News page by the brand. This helps inform your customers and boost your Google ranking.


If you wish, your can either edit or delete this auto-posted chalk.


Also, you can turn off the auto-post feature on a per brand basis on the Brand Management page.