Sur La Table Inc., the bankrupt upscale cookware chain, sold for almost $90 million and a promise to keep at least 50 stores open, according to court papers.
A joint venture between e-commerce investment firm CSC Generation and Marquee Brands topped an opening bid from affiliates of Fortress Investment Group at auction last week, according to court papers and a lawyer for Sur La Table’s junior creditors. A representative for Sur La Table didn’t respond to requests for comment, while CSC founder Justin Yoshimura and Marquee didn’t immediately respond to emails seeking comment Monday evening.
