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Liquidators win Robb & Stucky

Liquidators have won a bankruptcy auction for Robb & Stucky, the high-end Fort Myers home furnishing retailer that has been struggling to survive for more than a year. It remains to be seen when or how a joint venture of Hudson Capital Partners and HyperAMS LLC will move to close stores, sell off the unsold inventory and treat customers waiting for furniture to be delivered or holding gift cards. The two bid about $30 million for the 20-store chain in a stalking horse auction, about 75 percent of the estimation of the chain's unsold inventory. A familiar name in furniture retailing on Florida's West Coast for 96 years, Robb & Stucky operates one Tampa Bay area store in Tampa's International Plaza. It has not paid rent there since February 2009.

Liquidators win Robb & Stucky 03/08/11 [Last modified: Wednesday, March 9, 2011 12:26pm]
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