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Assets of Specialty Gourmet Food Retailers Business

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Listing Information


Assets of Specialty Gourmet Food Retailers Business

Price: $75,000,000.00

Other Item Info
Item #: nysbke_304195
Created: 08/25/2020
Category: Business Property > All Assets or Going Concerns > General Retailers
Sale Location: New York, New York
Sale Date: Thu. Oct 8, 2020
Seller Info
Vincent Indelicato
Debtor's Attorney
One International Place
Boston, MA 02110
(212) 969-3000
Bankruptcy Info
Case #: 7:20-bk-22962
Case Title: KB US Holdings, Inc.
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents


Sale of substantially all of assets of KB US Holdings, Inc. and its seller affiliates (collectively, the “Sellers”), which include, among other things, Inventory, Furnishings, Assumed Leases, Assumed Contracts, Permits and Liquor Licenses, Owned Intellectual Property, causes of action, Insured Welfare Benefit Plans, proceeds of insurance policies, and all other properties, assets, and rights owned by the sellers which are used in the Business.

Assets is more described on the attached PDF.

Sale Location

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Eleven Times Square
New York, NY, 10036

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on October 18, 2020 at 10:00 a.m.
  3. Minimum Initial Overbid: At a minimum, each Bid seeking to acquire the Assets that are the subject of the Stalking Horse Bid must have a Purchase Price that in the sellers reasonable business judgment, after consultation with the Consultation Parties, has a monetary value greater than the sum of (i) the Purchase Price set forth in the Stalking Horse Purchase Agreement, (ii) the Termination Fee, and (iii) $500,000.
  4. Minimum Overbid Increments: The initial Overbid for the Assets shall provide for total consideration to the Debtors with a value that exceeds the value of the consideration under the Baseline Bid by an incremental amount that is not less than $500,000 plus the Termination Fee, and successive Overbids higher than the previous bid, as Debtors shall, in consultation with the Consultation Parties, announce at the Auction.
  5. Bid Deposit: 10% of the cash Purchase Price of the Bid
  6. Bid Deadline: October 2, 2020
  7. Last date to respond: October 2, 2020

Other Information

Terms and Conditions:

See Attached.

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