Gumps Holdings, LLC and its affiliates Gumps Corp. and Gumps By Mail, Inc. (collectively, Gumps) announced that they will sell at absolute auction all of their right, title and interest in its trade names, trademarks, customer lists and other intellectual property, subject to certain temporary use rights granted to its bankruptcy liquidators through 2018 and certain other rights limited to Asia. Any or all executory contracts and unexpired leases, including the lease of Gumps 135 Post Street, San Francisco, California location, are also available for purchase at the auction.
Gumps filed voluntary petitions on August 3rd for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada. Gumps Corp. owns and operates the iconic Gumps department store near Union Square in San Francisco. The store is one of the longest-operating gifts, jewelry and luxury home furnishing retailers in the United States.
The auction shall take place in the United States Bankruptcy Court for the District of Nevada on October 17, 2018 at 10:00 a.m. Pacific time. Bids are due on or before October 10, 2018 at 5:00 p.m. Pacific time. Interested parties should contact either Brendan Murphy, [email protected] or Carl Comstock, [email protected] at Lincoln International, LLC, 444 Madison Avenue, Suite 300, New York, NY 10022, (212) 257-7751. The Bankruptcy Court filings may be viewed at: https://www.donlinrecano.com/Clients/gumps/Index.
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