Sold At Auction, Bombay Co. To Close Doors In U.S.

Law360, New York (October 15, 2007, 12:00 AM EDT) -- The Bombay Company Inc. will shutter its stores in the United States while its Canadian operations remain in business after a joint venture of two investment firms won a bankruptcy auction for the assets of the home furnishing retailer.

In a statement late Friday, Bombay said that a joint venture of Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC had submitted the winning bid at an auction for Bombay's business operations.

The joint venture, known as Hilco Consumer Capital, has proposed a liquidation of...
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