Judge approves S&K liquidation
- May 21, 2009
A U.S. bankruptcy judge has approved liquidation of S&K Famous Brands Inc.
Gordon Brothers Retail Partners won the bid to sell merchandise of the Henrico County-based menswear retailer.
Under the agreement, S&K is entitled to $7.3 million, which will be used the pay off some of the company’s debts, according to the Richmond Times-Dispatch.
S&K entered bankruptcy protection earlier this year hoping to find a buyer.
The retailer includes about 750 workers who will lose their jobs over the coming months. S&K’s 40 headquarters employees lost their jobs on Wednesday. (Richmond Times-Dispatch)