Sofa Express auction set.
Furniture-Today, December, 2007
By Clint Engel
Retailer hopes to wrap up sale this week
Groveport, Ohio- Top 100 chain Sofa Express and More plans to auction off its assets Dec. 19, and the U.S. Bankruptcy Court in Nashville, Tenn., has set a Dec. 21 hearing to consider the sale.
Sofa Express received court approval of an expedited hearing to OK the sale, but at press time did not have a stalking horse agreement with a potential buyer. The auction is set for noon on Dec. 19 at the offices of Boult Cummings Conners & Berry in Nashville.
In a press release, Sofa Express CEO Woolard Harris said the retailer was reaching out to liquidators and real estate companies to solicit bids, which are due Dec. 17.
"We believe that it is in the best interest of all of...
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