Closing Sale of Infant and Children's Clothing Stores
Listing Information
Closing Sale of Infant and Children's Clothing Stores
Stalking Horse Liquidator Bid Subject to OverbidCreated: 09/24/2014
Category: Business Property > All Assets or Going Concerns > General Retailers
Sale Date: Thu. Oct 2, 2014
Debtor's Attorney
136 South Main Street, Suite 1000
Salt Lake City, UT 84101
801-933-7360
Case Title: Naartjie Custom Kids, Inc.
Court: Utah Bankruptcy Court
Chapter: 11
View Case Docket
Description
LIquidation Sale of (a) all of the merchandise (the “Merchandise”) located at all of the retail locations of Naartjie Custom Kids, Inc. through catalog and e-commerce platforms and (b) fixtures, furnishings and equipment in the retail locations, distribution center, call center and corporate offices of Naartjie Custom Kids, Inc.
Merchandise: “Merchandise” means all new, first quality finished goods inventory that is owned by Merchant and customarily sold to customers in the ordinary course of Merchant’s business, more described in "PARA - 12 - Merchandise" on the attached PDF.
Naartjie is a children’s clothing brand that embraces bright, colorful, kid-friendly clothes. Naartjie designs, manufactures and sells children’s clothing, accessories and footwear for ages newborn through 10 years old. Founded in Cape Town, South Africa in 1989.
The Company currently owns and operates eighty-two retail stores in the United States and South Africa, and has a rapidly expanding e-commerce business serving customers in over thirty countries worldwide. Today, Naartjie’s corporate headquarters are located in Salt Lake City, Utah, with merchandising headquartered in Burlingame, California and the Naartjie Design Studios and South African retail operations in Cape Town, South Africa.
Financial Overview
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing: no later than October 3, 2014
- Bid Deadline - October 1, 2014 at 4:00 p.m.
- Last date to respond - September 29, 2014
- Bid increments during the Auction shall be 0.1%
Sale Term: The Sale shall commence at the Stores on the first day after entry of the Sale Approval Order by the Court, which shall be entered no later than October 3, 2014, and the Sale shall be completed on or before January 15, 2015.