Gordon Brothers Wins London Fog Spoils

Law360, New York (June 7, 2006, 12:00 AM EDT) -- Beating out the front runner, Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC have won a heated auction over who will serve as liquidator for the assets of famed rainwear maker London Fog Group Inc.

Judge Bruce Markell of the U.S. Bankruptcy Court in Nevada greenlighted the deal late last week, only days after Gordon and Hilco snuck in with a winning bid at the May 31 auction.

The company's secured lenders - Wachovia Bank N.A. and DDJ Capital Partners LLC – signed off...
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