Liquidation Set for All Brook Mays Stores...
Brook Mays declared Chapter 11 bankruptcy on July 11 after several months of looking for a buyer. With debts worth more than $70 million, Brook Mays Music's 62 stores and retail inventory will be liquidated following a $33.4 million asset sale approved August 9 by a U.S. Bankruptcy Court in Dallas. The liquidation will affect all Brook Mays retail outlets in eight states and will eliminate hundreds of jobs.SB Capital Group LLC led the Brook Mays purchase and have stated that they will hold going-out-of-business sales for retail inventory and may get out of the rental business.


















0 Comments:
Post a Comment
<< Home