New York — The sale of the financially-beleaguered furniture retailer Robb & Stucky to liquidation firm Hudson Capital Partners of Massachusetts was approved Tuesday at a bankruptcy hearing in Tampa, the South Florida Sun-Sentinel reported.
Hudson Capital, in a joint venture with Hyperams LLC, offered the highest bid for the 96-year-old Fort Myers-based company, which operates 20 stores, mostly in Florida.
Last month, Robb & Stucky filed for Chapter 11 bankruptcy protection and agreed to allow Hudson Capital to liquidate its assets, unless better bids came at auction.
Brooks Brothers unveiled a redesign of its third floor as part of a multi-year renovation of the company's 10-story 346 Madison Avenue flagship. The sportswear floor of the store will have a state-of-the art, full-scale indoor PGA Tour simulator where players can choose from such courses as St. Andrews Links.