S&K files motion to allow sale of company assets

From NBC12 News

RICHMOND, VA (NBC12) - S&K Famous Brands, Inc. has filed a motion to request the U.S. Bankruptcy Court for the Eastern District of Virginia allow the sale of certain Company assets, subject to higher and better offers.

An auction is expected to be held in the coming weeks.

Hilco Merchant Resources, LLC is the "stalking horse" bidder in the motion, which provides the option to dispose of inventory and other assets or operate S&K Menswear as an on going business.

S&K Famous Brands, Inc is a menswear retailer that offers a complete line of men's tailored and non-tailored collections at competitive value prices, as well as tuxedo rentals and corporate apparel.

S&K Famous Brands, Inc. filed a voluntary petition for reorganization relief under Chapter 11 of the United States Bankruptcy Code on February 9, 2009.

(c) 2009. WWBT, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.