The retailer has $61 million in assets and $64 million in liabilities, according to published reports
August 6, 2018, Allison Zisko ......................................................
LAS VEGAS—Gump’s, after looking for strategic alternatives to stay afloat, filed for Chapter 11 bankruptcy protection in Nevada Bankruptcy Court here on Friday night.
The San Francisco-based luxury department store is looking for a buyer, according to a report in SFGate, and plans to liquidate merchandise to pay off lenders, with Hilco Merchant Resources and Gordon Brothers handling sales.
The company and its affiliates have $61 million in assets and $64 million in liabilities, according to published reports. It operates one store and a catalog.