Gordmans Stores has filed a voluntary petition for Chapter 11 bankruptcy protection in United States Bankruptcy Court in Nebraska.
The company also announced that it has entered into an agreement with Tiger Capital Group, LLC and Great American Group, LLC for the sale in liquidation of inventory and other assets of its retail stores and distribution centers.
The liquidation is subject to approval by the court and could be halted if a more favorable transaction arises, the company noted.
“Until further notice, all Gordmans stores are operating as usual without interruption,” said Andy Hall, Gordmans president and CEO, in announcing the filing. “The management team and all of our associates remain committed to continuing to provide great merchandise and service to our guests during this process.”
