Sterling Business Finance agreed to provide $737,000 in DIP financing to Gump’s, according to motions filed in the U.S. Bankruptcy Court for the District of Nevada. The San Francisco luxury retailer had filed for Chapter 11 protection two days before the agreement.
Hilco and Gordon Brothers will be jointly managing the liquidation.
Follow the story on ABF Journal:
Gump’s Files Chapter 11; Hilco, Gordon Bros to Liquidate