Fresno, Calif. (KFSN) -- Company officials announced late Monday night, the 105-year-old Fresno-based company has been sold to liquidators.
Gottschalks operates 61 stores in six western states. Going out of business sales at all of those stores could start as early as this Thursday or Friday. The company's CEO said liquidation is now the only path for the company. Now a bankruptcy judge needs to approve the proposed liquidation on Wednesday.
5,000 people companywide will soon be losing their jobs. Gottschalks will begin notifying employees Tuesday about what will happen. Some may be kept on for the closing sales
http://abclocal.go.com/kfsn/story?section=news/business&id=6736714
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment