Circuit City Liquidates
by Mark on January 16, 2009
Not a good news…
“We are extremely disappointed by this outcome. The company had been in continuous negotiations regarding a going concern transaction. Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company,” said James A. Marcum, vice chairman and acting president and chief executive officer for Circuit City Stores, Inc., in a press release.
http://www.globest.com/news/1328_1328/northernvirginia/176378-1.html
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