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Report: Landlords object to Borders sale plan
New York City -- A report by Reuters on Tuesday said that a group of landlords have filed objections in U.S. Bankruptcy Court in Manhattan, disputing the process by which Borders Group is attempting to auction itself out of bankruptcy.
According to the nearly 20 landlords that filed objections on Friday and Monday, the plan offers no information regarding which leases would be assumed by potential buyers of Borders’ assets.
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Hhgregg opens 10 new South Florida stores
Indianapolis -- Hhgregg announced Tuesday that it will open 10 new stores in south Florida, launching simultaneous grand-opening celebrations on July 14.
The new stores located in Miami, Broward and Palm Beach counties bring the total number of Hhgregg stores in Florida to 33, according to the retailer. The openings are in the communities of Aventura, Boca Raton, Ft. Lauderdale, Hialeah, Pembroke Pines, Miami, Plantation, Jensen Beach, East Wellington and West Palm Beach.