Jeweler Friedman's To Sell $400M In Inventory

Law360, New York (April 7, 2008, 12:00 AM EDT) -- Bankrupt jewelry retailer Friedman’s Inc. will liquidate approximately $400 million in inventory from 377 of its 455 stores nationwide, following a court order approving its emergency motion to sell off wares and close stores.

Judge Christopher Sontchi of the U.S. Bankruptcy Court for the District of Delaware approved the emergency motion on Friday.

At the store closing sales, which will be held at Friedman's and Crescent jewelers nationwide, merchandise such as watches and women’s and men’s fine and fashion jewelry will be sold at below-market prices....
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