KITSON TO CLOSE ALL REMAINING STORES BY JANUARY 18
Liquidation specialists Gordon Brothers Group and Hilco Merchant Resources have announced that Kitson, the Los Angeles-based mini-chain known for its unique selection of merchandise and celebrity clientele, is moving up the closing date of its remaining 14 brick-and-mortar locations in California, Oregon and Nevada.
All stores will close by January 18, and are now currently offering all items at discounts up to 70 percent off its merchandise; store fixtures, furniture, and equipment are also for sale.
The company, which was founded in 2000, has weathered various debt problems in recent years. It received a $15 million credit line from Salus Capital Partners in 2013, and most recently, received a substantial investment this summer from Spencer Spirit Holdings Inc., owner of novelty gift mall shops Spencer Gifts and Spirit Halloween Superstores.
