Having failed to find a buyer, Circuit City is expected to announce its liquidation today in a court hearing. The company appears to have hired a liquidator and completed an asset auction. Circuit City has already closed around 20 percent of its stores as part of its previous bankruptcy filing.
liquidation: January 2009 Archives
French intimates producer and fashion distributor SIL Group is liquidating all its assets in obeyance of a court order. The company, which is owned by Eminence, another French firm, distributed brands such as Sonia Rykiel, Christian Lacroix, Cacharel, John Galliano and Kenzo. TD is still investigating the impact this will have on these brands' manufacturing and distribution.
Update: the full WWD report (linked above) notes that the brands mentioned above are all scrambling to find solutions for spring distribution, and are considering everything from new licensing deals to producing their own items. None of the brands are conceding spring sales at this point.
Contrary to earlier reports, Goody's Family Clothing is liquidating assets next week, just months after reorganizing. The company, which was in Chapter 11 from June to October, was unable to quell its lenders and continue operations.
Goody's is owned by the same holding company as KB Toys and Whitehall Jewelers, all of whom have ceased operating in the past five months.
