Landlord Issues Punted In Vitamin World's $28M Sale Order

Law360, Wilmington (December 21, 2017, 7:46 PM EST) -- The $28 million sale of the assets of health supplement retailer Vitamin World Inc. received court approval Thursday in Delaware, when the debtor and buyer agreed to delay issues raised over landlord leases to continue negotiations over the assumption and assignment of the leases at the purchased stores.

During a sale hearing in Wilmington, Vitamin World's attorney Mark Minuti of Saul Ewing Arnstein & Lehr LLP told the court that numerous objections raised by landlords that hold leases for most of the 157 stores that have been sold to the debtor’s stalking horse bidder should be put off to allow talks...

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