FRESNO, Calif.–Bankrupt Gottschalks revealed that a consortium of liquidation specialists that includes SB Capital Group LLC, Tiger Capital Group LLC, Great American Group LLC and Hudson Capital Partners LLC are the potential buyers of the bankrupt retailer, which expects to sell itself at an auction at the end of this month.
The group would conduct a going-out-of-business sale of the department store chain’s merchandise, fixtures and equipment, a report in the Fresno Bee said.
If the deal is approved and if no better bids emerge at the March 30 auction, inventory at Gottschalks’ stores could be sold and the stores will be closed by July 15.
A court hearing on the auction results is scheduled for April 1.
The members of the consortium have been involved in some of the biggest retail liquidations in the past year, including Linens ’n Things, Mervyns and Fortunoff.
Gottschalks did not immediately return calls.