CompUSA to Liquidate

CompUSA to Close All Stores - WSJ.com:

Gordon Brothers Group, a Boston-based retail store liquidator, will oversee a piecemeal sale of the Dallas-based business, the company said in a statement. Financial terms were not disclosed. Stores will remain open through year-end under the supervision of Gordon Brothers, which will also negotiate the sale of real estate and other assets. Two law firms were hired to represent creditors, CompUSA said.

“An orderly and expedited wind-down and asset sale process is the best option for CompUSA and its creditors,” Bill Weinstein, a principal at Gordon Brothers, said in a statement. Mr. Weinstein was named interim president of the firm. He was unavailable for immediate comment.

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