Employees of the Laramie Hastings will likely find themselves out of work as all Hastings Entertainment stores are set to be liquidated and closed.
The company filed for Chapter 11 bankruptcy protection five weeks ago. Wednesday, a joint venture of Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC purchased Hastings Entertainment and is set to oversee the liquidation of all stores as the company, including the e-Commerce side and corporate office, prepares to shut down.
According to the companys statement, the Bankruptcy Court is expected on Friday to approve Hastings agreement with the two companies.
FTI Consulting, which disseminated the Thursday morning statement from Has…
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