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Catalogers’ Updates

Bombay Co.: The home furnishings cataloger-retailer’s inventory sale was approved by a U.S. bankruptcy court, including inventory of about 320 U.S. home furnishings stores, which then will close. A joint venture of Gordon Bros., Retail Partners and Hilco Merchant Resources bid about $105 million for the U.S. inventory after a two-day auction. In addition to the U.S. stores, a group of companies is buying Bombay’s 50 Canadian stores and its inventory for less than $20 million, assuming the leases and continuing to run the stores under the Bombay Canada name.