Finlay Enterprises Gets OK For $116M Asset Sale

Law360, New York (September 25, 2009, 4:15 PM EDT) -- Bankrupt jeweler Finlay Enterprises Inc. has won court approval to sell its business and remaining assets to Gordon Brothers Retail Partners LLC for approximately $116 million, according to an attorney for the debtor.

The U.S. Bankruptcy Court for the Southern District of New York approved the sale Friday following Finlay's announcement a day earlier that it had selected stalking horse bidder Gordon Brothers as the winner of an auction for its business and assets, said Weil Gotshal & Manges LLP partner Shai Waisman, who represents Finlay....
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