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Gerald Stevens Selling More Assets

MIAMI-A Bankruptcy Court judge authorizes asset-purchase agreements on three more stores as the Fort Lauderdale-based floral retailer continues to reorganize its assets.

By David R. Corder | Updated on August 30, 2001

MIAMI-Gerald Stevens Inc. received permission Wednesday from the U.S. Bankruptcy Court here to divest three more of its retail floral outlets.

Since late July, the Fort Lauderdale-based floral retailer has executed asset-purchase agreements on 19 of its stores.

The once-publicly traded company filed for protection from creditors last April under Chapter 11 of the U.S. Bankruptcy Code, listing assets of $194.9 million and liabilities of $66.8 million.

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