Gump’s to Hold Bankruptcy Auction
October 2, 2018
SAN FRANCISCO–(BUSINESS WIRE)–Gump’s Holdings, LLC and its affiliates Gump’s Corp. and Gump’s By Mail,
Inc. (collectively, “Gump’s”) announced that they will sell at absolute
auction all of their right, title and interest in its trade names,
trademarks, customer lists and other intellectual property, subject to
certain temporary use rights granted to its bankruptcy liquidators
through 2018 and certain other rights limited to Asia. Any or all
executory contracts and unexpired leases, including the lease of Gump’s
135 Post Street, San Francisco, California location, are also available
for purchase at the auction.
Gump’s filed voluntary petitions on August 3rd for relief under chapter
11 of the United States Bankruptcy Code in the United States Bankruptcy
Court for the District of Nevada. Gump’s Corp. owns and operates the
iconic Gump’s department store near Union Square in San Francisco. The
store is one of the longest-operating gifts, jewelry and luxury home
furnishing retailers in the United States.
The auction shall take place in the United States Bankruptcy Court for
the District of Nevada on October 17, 2018 at 10:00 a.m. Pacific time.
Bids are due on or before October 10, 2018 at 5:00 p.m. Pacific time.
Interested parties should contact either Brendan Murphy, bmurphy@lincolninternational.com
or Carl Comstock, ccomstock@lincolninternational.com
at Lincoln International, LLC, 444 Madison Avenue, Suite 300, New York,
NY 10022, (212) 257-7751. The Bankruptcy Court filings may be viewed at: https://www.donlinrecano.com/Clients/gumps/Index.
Contacts
Press Inquiries:
William Noall, Esq., (725) 777-3000
wnoall@gtg.legal