FRESNO, Calif.–Chinese company Shandong Commercial Group is among the bidders of Gottschalks Department stores that could keep the bankrupt retailer operating as a going concern, according to reports.
A Gottschalks spokeswoman would not confirm or deny if Shandong is bidding on the retailer, which filed for Chapter 11 in January.
An auction for the sale of the company is scheduled for today. A group of liquidators composed of SB Capital Group LLC; Tiger Capital Group LLC; Great American Group LLC and Hudson Capital Partners LLC was identified as the lead stalking horse bidder earlier this month. The group would conduct a going-out-of-business sale at the department store chain.