Cookware Chain Sur La Table Sells For Around $90 Million (1)

Sur La Table Inc., the bankrupt upscale cookware chain, sold for almost $90 million and a promise to keep at least 50 stores open, according to court papers.

A joint venture between e-commerce investment firm CSC Generation and Marquee Brands topped an opening bid from affiliates of Fortress Investment Group at auction last week, according to court papers and a lawyer for Sur La Table’s junior creditors. A representative for Sur La Table didn’t respond to requests for comment, while CSC founder Justin Yoshimura and Marquee didn’t immediately respond to emails seeking comment Monday evening.

The Wall Street ...