Fortunoff auction postponed to Feb. 23
February 18, 2009,
New York — A U.S. Bankruptcy Court judge has postponed until next week an auction of substantially all the assets of home furnishings and jewelry retailer Fortunoff.
Following a dismal holiday selling season, Fortunoff's filed for Chapter 11 bankruptcy protection on Feb. 5 and has moved quickly to liquidate its assets. A so-called "stalking horse" bidder hasn't been named in documents filed with the court.