Going-out-of-business sales are scheduled to begin this weekend at children’s clothing chain Naartjie Kids, which sought bankruptcy protection in mid-September.
The sales will take place at all 55 of Naartjie’s U.S. stores, in states including California, Georgia, Utah, New York, Texas and Virginia. Founded in South Africa in 1989, Naartjie makes clothing, accessories and shoes for newborns through tweens that embrace bright, colorful designs. The company debuted to American shoppers in 2001.
Great American Group LLC will run the sales after beating out two competitors during 12 hours of bidding at a Thursday bankruptcy auction. Friday, a bankruptcy court judge in Utah signed off on Great American’s hire and authorized the company to begin the sales. Great American’s offer—to pay Naartjie 116.8% of the cost value of the merchandise—is expected to bring in $8.1 million to help pay back lenders and creditors.
In court filings, Naartjie says it expects the sales to run until mid-January.