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Thursday April 24, 2008
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Two months after filing for Chapter 11 bankruptcy, Sharper Image--shopping mall-based seller of all things massaging--is putting itself up for sale.
"Given the present retail climate and specialty nature of the company, as well as the limited financing available to the company, a sale of its business and assets at this time will preserve values and yield the best recovery to the company," the company's chief executive, Robert Conway, told Reuters.
The company is looking to sell itself by May. Conway said that his company would consider any proposal; though someone will probably spend a few times more than the company's actually worth for a few months of bragging rights among a group of slightly jealous but largely unimpressed acquaintences.
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