Comments (0) Total
Bankruptcy Trustee: Vann’s Has Two Potential Buyers
Vann's has until the end of the month to reach an agreement
MISSOULA – A bankruptcy trustee says Vann's Inc., has two potential buyers as it faces a deadline to sell out or liquidate its inventory and close its electronics and appliance stores.
Missoula attorney Dick Samson told KGVO-AM on Tuesday that two separate entities are looking at the business and he's optimistic that there will be a deal.
Vann's CEO Jerry McConnell announced on Oct. 1 that a Bozeman businessman was interested in the company, which has stores in Missoula, Kalispell, Hamilton, Bozeman and Billings and a warehouse in Lolo. Samson declined to release any information on the second potential buyer.
McConnell has said if a purchase goes through, it could save 100 of the company's 150 jobs.
Vann's has until the end of the month to reach an agreement that will satisfy the creditors.
Missoula attorney Dick Samson told KGVO-AM on Tuesday that two separate entities are looking at the business and he's optimistic that there will be a deal.
McConnell has said if a purchase goes through, it could save 100 of the company's 150 jobs.
Vann's has until the end of the month to reach an agreement that will satisfy the creditors.
Submit a comment now.