TrafficCourt

Tweeter to Liquidate

National liquidators Hudson Capital Partners and Tiger Capital have bought struggling electronics chain Tweeter, and the Canton merchant will likely be shuttered in the next four to six weeks, according to store employees.

A liquidation sale on the merchandise is underway, and the company will stop its installation services on Nov. 14th.

Tweeter's assets were purchased by the New York investment firm Schultze Asset Management in July 2007 for $38 million after Tweeter initially filed for bankruptcy protection last year. Schultze, which continued to operate Tweeter's roughly 100 stores, declined to comment. Jim Schaye, president of Hudson Capital Partners in Newton, confirmed the liquidation of Tweeter.

Link.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish