Judge approves S&K liquidation

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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)

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