TAMPA — The furniture chain Robb & Stucky bankruptcy started a sale of inventory liquidation of all Friday, only hours after being bought in court by an investment fund that specializes in bankruptcy shops on its last legs.
The sale of 90 million dollars in inventory effectively end 96 years in business the seller of luxury furniture of Fort Myers and off his position at the International Plaza Mall.
Like most arrests of retail, this sale will probably follow the pattern of escalating discounts upto all stocks, store fixtures and equipment are sold. Company officials promoted the sale, noting that the sale will include the furnishing of all its brands and accessories, such as Ralph Lauren, elements, Tommy Bahama, Paloma, Trump Home and Monterey, among others. Â
Robb & Stucky filed bankruptcy in February, after a rapid expansion of new stores in States like Nevada and Texas, which has suffered some of the worst of the downturn in housing. After the sale of liquidation, all stores will be 20 Robb & Stucky closed.
The liquidation is handled by a group of joint-venture of major retail liquidation companies nationwide, including: Hudson Capital Partners LLC; Hyperams LLC; and SPCI.
For more than 4,000 customers who put down deposits on the motile, before the company filed bankruptcy lawyers suggest that they contact their credit card companies ask for a refund.
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