(Reuters) – Bankrupt U.S. home furnishings retailer Linens ‘n Things has sought to speed up closing its remaining 371 stores, a company spokesman said on Wednesday.
The company asked Bankruptcy Judge Christopher Sontchi for permission to hold an auction for the company on Oct. 14 and begin going-out-of-business sales two days later, according to court documents.
A Linens ‘n Things spokesman said that the auction process as described in an Oct. 3 court document had been approved by the courts. In that document, the company said that it believes any buyer would want to close the deal as quickly as possible to take advantage of the critical holiday season. (Reporting by Caroline Humer, with additional reporting by Savio D’Souza in Bangalore, , editing by Gerald E. McCormick)