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Aurify’s Deal to Buy Maison Kayser Bakeries in Bankruptcy OK’d

Oct. 29, 2020, 8:59 PM

Aurify Brands, a restaurant operator that’s buying Maison Kayser’s U.S. bakeries in a bankruptcy liquidation, won preliminary court approval of its $8.4 million acquisition and revealed plans to reopen some, if not all, of the 16 locations under another brand.

Reopening the stores will largely depend on negotiations with landlords, Aurify’s attorney, Steven J. Reisman of Katten Muchin Rosenman LLP, said at a hearing Thursday. Aurify Brands has agreements covering seven of the 16 stores, which are all in New York, he said. The locations with no lease deals by Nov. 4 will be abandoned, he said.

“We’d love to ...