Fortunoff Liquidation Sales Start Tomorrow
Some former employees are being called back in to help with the sale which is expected to take around a month or two. Discounts will increase as the weeks go by. And good news for gift card holders, the liquidators have said they will be honored for a certain period of time. It's a sad end to a company which outlasted two World Wars and the Great Depression. The company went in to bankruptcy last year, was bought by NRDC Equity Partners but then filed Chapter 11 again on February 5. It was hoped that a new owner could help the company stay in business but no such offer was forthcoming and so liquidation was the only option.