Hartmarx said Friday it had accepted a $119 million stalking horse bid for substantially all its assets from Emerisque Brands U.K. Limited and SKNL North America B.V.
The purchase agreement sets the bid floor for a potential auction of Hartmarx that could come as soon as June 30 and be wrapped up in mid-July, according to documents the company filed in U.S. Bankruptcy Court late Thursday, the Tribune reported.
