Fortunoff Auction Delayed Due To Power Outage

NEW YORK (Reuters) – Thursday’s scheduled auction of bankrupt housewares and jewelry retailer Fortunoff Holdings LLC’s intellectual property was delayed until next week because of a power outage, the sale’s organizer said.

The auction is now scheduled to take place in New York on Tuesday, June 23, at 10 a.m. EDT (1400 GMT). The deadline for bids was extended until June 22 at 9 a.m.

The outage on Long Island, where Fortunoff Holdings is headquartered, prevented the chain from getting information from potential bidders, the organizer said.

The assets being sold in the auction, which Consor Intellectual Asset Management is managing, include the web site, Fortunoff’s bridal registry, jewelry designs and its 1-800-Fortunoff number.

Fortunoff’s stores were liquidated earlier this year, after it filed for bankruptcy protection in February. It was owned by NRDC Equity Partners, a private equity firm that bought the retailer out of an earlier bankruptcy last year.

The case is In re:Fortunoff Holdings LLC, U.S. Bankruptcy Court, Southern District of New York, No. 09-10497. (Reporting by Phil Wahba; Editing by Gary Hill)