Gump’s to Hold Bankruptcy Auction
SAN FRANCISCO--(BUSINESS WIRE)--Oct 2, 2018--Gump’s Holdings, LLC and its affiliates Gump’s Corp. and Gump’s By Mail, Inc. (collectively, “Gump’s”) announced that they will sell at absolute auction all of their right, title and interest in its trade names, trademarks, customer lists and other intellectual property, subject to certain temporary use rights granted to its bankruptcy liquidators through 2018 and certain other rights limited to Asia. Any or all executory contracts and unexpired leases, including the lease of Gump’s 135 Post Street, San Francisco, California location, are also available for purchase at the auction.
Gump’s filed voluntary petitions on August 3rd for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada. Gump’s Corp. owns and operates the iconic Gump’s department store near Union Square in San Francisco. The store is one of the longest-operating gifts, jewelry and luxury home furnishing retailers in the United States.
The auction shall take place in the United States Bankruptcy Court for the District of Nevada on October 17, 2018 at 10:00 a.m. Pacific time. Bids are due on or before October 10, 2018 at 5:00 p.m. Pacific time. Interested parties should contact either Brendan Murphy, email@example.com or Carl Comstock, firstname.lastname@example.org at Lincoln International, LLC, 444 Madison Avenue, Suite 300, New York, NY 10022, (212) 257-7751. The Bankruptcy Court filings may be viewed at: https://www.donlinrecano.com/Clients/gumps/Index.
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CONTACT: Press Inquiries:
William Noall, Esq., (725) 777-3000
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEVADA
INDUSTRY KEYWORD: CATALOG DEPARTMENT STORES LUXURY ONLINE RETAIL HOME GOODS PROFESSIONAL SERVICES BANKING FINANCE RETAIL FASHION
SOURCE: Gump’s Holdings, LLC
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PUB: 10/02/2018 11:40 AM/DISC: 10/02/2018 11:40 AM