Stage Stores closes deal to acquire stores from bankrupt Midwest retailer

1 Houston

Houston News & Search

1 News - 1 eMovies - 1 eMusic - 1 eBooks - 1 Search

Houston-based Stage Stores Inc. has closed on a multimillion-dollar deal to buy certain assets from bankrupt Midwest retailer Gordmans Stores Inc. Stage Stores (NYSE: SSI) plans to pay $35 million to $40 million for the inventory, according to an April 7 press release. The company announced March 30 it won a bid to acquire about half of Gordmans’ stores and other assets through a bankruptcy auction. The deal includes: leases to at least 50 Gordmans stores rights to assume leases for seven more…


1 Houston

Houston News & Search

1 News - 1 eMovies - 1 eMusic - 1 eBooks - 1 Search


Facebooktwitterredditpinterestlinkedinmail

Facebooktwitterlinkedinrssyoutube

Leave a Reply