UPDATE 1-Fortunoff auction sale delayed due to power outage

Thu Jun 18, 2009 10:40pm BST
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NEW YORK, June 18 (Reuters) - The auction for bankrupt housewares and jewelry retailer Fortunoff Holdings LLC's intellectual property was delayed until next week after a power outage on Long Island, where it is headquartered, prevented the chain from getting information from potential bidders. the sale's organizer said on Thursday.

The auction, originally set for Thursday, is now scheduled to take place in New York on June 23, at 10 a.m. EDT (1400 GMT). The deadline for bids was extended until June 22 at 9 a.m.

The assets being sold in the auction, which Consor Intellectual Asset Management is managing, include the fortunoff.com web site, Fortunoff's bridal registry, jewelry designs and its 1-800-Fortunoff number.

Fortunoff's stores were liquidated earlier this year, after it filed for bankruptcy protection in February. It was owned by NRDC Equity Partners, a private equity firm that bought the retailer out of an earlier bankruptcy last year.

The case is In re:Fortunoff Holdings LLC, U.S. Bankruptcy Court, Southern District of New York, No. 09-10497. (Reporting by Phil Wahba)

 
 
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