Liquidators Receive Court Approval To Conduct Deb Shops Store-Closing Sales

Deb Shops, a mall-based retailer catering to junior and plus-sized female customers, received court approval for liquidators to conduct chain-wide store-closing sales (In re Deb Stores Holding LLC, Bankr. D. Del., 14-12676, sale approved 1/7/15).

U.S. Bankruptcy Judge Kevin Gross in Delaware signed an order Jan. 7 authorizing a Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC joint venture to sell off merchandise at about 290 retail stores along with furniture, fixtures, and equipment.

The liquidators guarantee Deb will recover 98.25 percent of the cost of merchandise, according to the agreement. The guarantee is based ...