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Fortunoff auction postponed

By Furniture Today Staff -- Furniture Today, February 23, 2009

New York — New York— A U.S. Bankruptcy Court judge has postponed until this week an auction of substantially all the assets of home furnishings and jewelry retailer Fortunoff.

The auction, which had been scheduled for last Thursday, is now set for Feb. 23. A hearing to approve the sale is scheduled the following day.

Following a dismal holiday selling season, Fortunoff filed for Chapter 11 bankruptcy protection on Feb. 5 and has moved quickly to liquidate its assets. A so-called "stalking horse" bidder hasn't been named in documents filed with the court.

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