Kronish Lieb Participates in $113.5 million Sale of Bob's Stores

Jay R. Indyke, a Kronish Lieb Bankruptcy partner, represented the Creditors’ Committee in the Bob’s Stores bankruptcy case and participated in a four-day competitive auction which resulted in a $113.5 million sale to Framingham Massachusetts-based TJX Cos., the owner of T.J. Maxx and Marshalls clothing stores. TJX competed against a joint venture led by Dick's Sporting Goods, a Pittsburgh-based retailer, which also included Hilco Merchant Resources and Gordon Bros. Bob's Stores is a casual clothing and footwear chain operating 34 stores in six states throughout the Northeast with nearly 2,500 employees.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.