BACHRACH TO BE AUCTIONED OFF

Mar 01, 2010 10:30 PM  By

Bachrach Acquisition, which Owns the 133-Year-Old men’s apparel cataloger/retailer Bachrach, was scheduled to hold an auction to sell the assets of the bankrupt merchant on Feb. 22.

Bachrach also filed notice with the court that it has received a bid to purchase all of its assets from B & B Bachrach LLC. This bid sets the floor price for the sale; the debtor is seeking higher and better bids prior to and at the auction.

New York-based Bachrach operates 20 stores in 13 states, and sells merchandise via catalog and e-commerce. The company was acquired by Sun Capital Partners in 2005 and filed bankruptcy in 2006.

An affiliate of Sun Capital Partners sold the cataloger to Bachrach Acquisition, a limited-liability company, for an undisclosed price in August 2006. Bachrach emerged from bankruptcy in 2007. It went back into Chapter 11 in May 2009.