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Wintrust Business Minute: Auction to be held for assets belonging to Foxtrot
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
An auction will reportedly happen Friday for assets belonging to the shuttered Foxtrot grocery stores. Crain’s reports the online auction will include inventory, intellectual property, equipment and other items. JPMorgan Chase Bank will run the auction. Foxtrot is a Chase debtor. It’s unclear whether the store’s sister retailer, Dom’s, will be part of the auction. Dom’s wasn’t mentioned in the auction announcement. Neither was the parent company, Outfox Hospitality.
Also, teen retail chain Rue21 has declared bankruptcy and will close all 540 of its stores including 20 in Illinois. Listen for more below:
https://serve.castfire.com/audio/4848395/4848395_2024-05-07-170635.64kmono.mp3
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By wgnradio.com
4.5
88 ratings
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
An auction will reportedly happen Friday for assets belonging to the shuttered Foxtrot grocery stores. Crain’s reports the online auction will include inventory, intellectual property, equipment and other items. JPMorgan Chase Bank will run the auction. Foxtrot is a Chase debtor. It’s unclear whether the store’s sister retailer, Dom’s, will be part of the auction. Dom’s wasn’t mentioned in the auction announcement. Neither was the parent company, Outfox Hospitality.
Also, teen retail chain Rue21 has declared bankruptcy and will close all 540 of its stores including 20 in Illinois. Listen for more below:
https://serve.castfire.com/audio/4848395/4848395_2024-05-07-170635.64kmono.mp3
Recent Posts
Wintrust Business Lunch
Terry Savage: Markets trying to figure things out
.cls-7{fill:#fff;fill-rule:evenodd}
Job search tips, work and politics, Lower Tech Bills
.cls-7{fill:#fff;fill-rule:evenodd}
Global outage cost, new home prices, Illinois quantum
.cls-7{fill:#fff;fill-rule:evenodd}
Chicago startups have trouble pulling in local capital
.cls-4{fill:#000;}
Metra and more impacted by CrowdStrike outage
.cls-4{fill:#000;}
Click for more
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