Joint Venture Will Run Sharper Image Store Closings

Law360, New York (March 14, 2008, 12:00 AM EDT) -- A joint venture of two liquidation companies has won an auction to conduct going-out-of-business sales at half of the stores run by bankrupt specialty retailer Sharper Image Corp.

The joint venture, comprising Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC, with a place of business in Northbrook, Ill., was the winning bidder, attorneys for Sharper Image said in court filings. The arrangement is subject to court approval and was scheduled for a hearing Friday.

The auction was held Thursday, a day after Judge Kevin...
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