Liquidation may start this weekend for Alpha Omega
Liquidation sales at the four Alpha Omega watch and jewelry stores could begin as early as this weekend if a U.S. Bankruptcy Court judge approves the winning bid for the Cambridge company’s assets at a hearing today.
A joint bid by Boston’s Tiger Capital Group, the Gordon Co. and SB Capital was the top offer for Alpha Omega in a Tuesday auction. Court approval would allow them to buy Alpha Omega’s $18 million in assets for 70.25 percent of their cost value, or $12.6 million.
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