Bombay Stores Exit US, Remain in Canada

FORTH WORTH, TX-A joint-venture partnership that won the bidding auction for the Bombay Co. Inc. proposes to liquidate its stores in the US and continue Canadian operations under a newly formed JV with two Canada-based home furnishings retailers. According to a September SEC filing, locally based Bombay operates 384 stores across the US and 57 in Canada, under its subsidiary, the Bombay Furniture Co. of Canada, Inc.

The bid-winners are Boston-based Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC, which is based in Northbrook, IL. The amount of the bid is undisclosed.