Bankrupt Coldwater Creek Gets Nod For $1.1M Spa Sale

Law360, Wilmington (May 21, 2014, 5:04 PM EDT) -- Women's clothing retailer Coldwater Creek Inc. won approval from a Delaware bankruptcy judge Wednesday for a $1.1 million deal to sell its spa business as a going concern to ASJ Consulting LLC, which prevailed at a Chapter 11 auction the previous day.

Coldwater Creek tapped ASJ Consulting as the winning bidder Tuesday following a five-round auction that effectively doubled the starting price, debtors' counsel Jill Frizzley told the court at a hearing in Wilmington, Delaware.

ASJ Consulting prevailed over Naturopathica Holistic Health Inc. with an offer...
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